Property profile

3415 Hwy 66th S Rogersville, TN 37857

OFF-MARKET
Turn key restaurants
Property ID
US80-1335510
3,230 SF 150 ac lot Built 1992
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial investment opportunity in Rogersville, Tennessee, presents three distinct buildings totaling 4,399 square feet on a 0.51-acre lot. The main building, a substantial 2,359 square feet, is ideally suited for a restaurant, having served as one for many years. It features a fully equipped, large kitchen area, two spacious walk-in coolers, and two sizable dining areas. A covered porch offers additional seating with scenic Holston River views. A second building provides an additional 2,040 square feet of versatile commercial space, ripe for development and customization to suit a variety of business needs. This property benefits from a highly visible location directly on Highway 66, experiencing an average daily traffic count of approximately 3,900 vehicles. The high traffic volume ensures excellent exposure and accessibility for any business. The property's size and configuration offer significant potential for expansion or diversification, making it an attractive investment for both established businesses and entrepreneurs. All information provided is based on data from the current owner and should be independently verified by prospective buyers. This is a rare opportunity to acquire a well-positioned multi-building commercial property in a desirable location. The asking price is $350,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Total area 3,230 SF
Lot 150 ac (6,534,000 SF)
APN 037125E A 00200
UPID US80-1335510

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
  • Auto Repair Shop Motorcycle Shop

Location

3415 Hwy 66th S Rogersville, TN 37857-5110
Rogersville metro Census 50800 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2023
Last sale
$300,000
3 recorded transactions
2023
$300,000
2023
$225,000
1988
$2,500

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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