1365 Andrew Johnson Hwy Greeneville, TN 37745-5805
- Drive through restaurants
- 559 SF
- 1.00 lot acres
Current Use by Public Records
- Top Choice Storage / Storage Facility
- Top Choice BBQ Express / Barbecue Restaurant
- Central Park / Restaurant
Property Details for 1365 Andrew Johnson Hwy
- Year built
- 1993
- Lot size
- 1.00 lot acres
- Property size
- 559 SF
- Zone code
- B4
- Property type
- Drive through restaurants
- APN
- 030087J A 01300
- APU
- 030087JA01300
Description
This exceptional turnkey restaurant opportunity is located at 1365 E Andrew Johnson Hwy, Greeneville, TN 37745. The property boasts a prime commercial location in a high-traffic area, ensuring excellent visibility and customer accessibility. The 3,019 square foot building, constructed in 1993, is situated on a one-acre lot and features a drive-thru, significantly enhancing operational efficiency and customer convenience. The sale includes all existing equipment, a substantial advantage for a new owner, encompassing coolers, sinks, and ovens. Additional outdoor storage is also provided, offering ample space for supplies and inventory. The building is zoned C, allowing for continued restaurant operations or potential for other permitted commercial uses. This single-story building is part of a three-building complex, offering potential for expansion or synergy with neighboring businesses. The asking price is $499,900, translating to $165.58 per square foot. This represents a compelling investment opportunity for owner-users seeking an established and well-equipped restaurant in a thriving commercial location. The property's strong location and included equipment make this a truly turnkey operation, minimizing start-up costs and maximizing immediate return on investment. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $255,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $285,000
- Mixed-Use
- $330,000
- Hospitality
- $285,000
- Educational
- $320,000
- Residential Income
- $300,000
- Energy
- $300,000
- Income-Based Land
- $290,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Greeneville
- County
- Greene
- State
- Tennessee
- Longitude
- -82.7988
- Latitude
- 36.1775
- CBSA code
- 24620
- CBSA name
- GREENEVILLE, TN MICROPOLITAN STATISTICAL AREA