Technical
Financial
Distress signals
Property profile

2635 Decatur Pike Athens, TN 37303

OFF-MARKET
Drive through restaurants
Property ID
US80-3280421
3,755 SF 1.3 ac lot Built 1988
Trust Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Athens, Tennessee. Strategically located at I-75 exit 49 and Decatur Pike, the property boasts unparalleled visibility from the interstate, benefiting from approximately 41,537 vehicles daily on I-75 and 19,859 on Decatur Pike. Zoned B3-Intensive Business District, the site allows for a wide range of commercial uses, mirroring the existing mix of hotels, restaurants, and retail establishments in the immediate vicinity. While a creek traverses the property, approximately 1.0 to 1.5 acres remain buildable outside the floodway. Access is convenient via Decatur Pike and a shared road with a Burger King. Existing trees on the site would require removal for development. This prime location offers significant potential for developers seeking to capitalize on the high traffic counts and strong commercial activity in the Athens area, situated midway between Chattanooga and Knoxville. The City of Athens has a population of approximately 14,000, with the greater Athens area boasting a population of around 25,000. The asking price is $155,000, representing a price per acre of $97,826. The property is owned by Hometown Real Estate, LLC and is offered for sale by owner.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Total area 3,755 SF
Lot 1.3 ac (56,628 SF)
Zoning code B-4
APN 054046 25000
UPID US80-3280421

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2635 Decatur Pike Athens, TN 37303-4940
Athens metro Census 970201 ATHENS, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2018
Price N/A
2013
$1.7M
2008
$1.0M
2006
$1.0M

Zoning & alternative use

B-4 · Athens, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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