Restaurant and Equipment, Cleveland TN Area

Retail-Commercial for Sale
Catylist Listing ID: 30046996
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 1,188 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $149,900
Unit Price: $126.18 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/13/2017

Overview / Comments

**Investment Opportunity** Price Reduced** This Restaurant with Drive Thru in growth corridor of north Bradley County TN is ready to go for business. Excellent visibility on corner lot with 150’ frontage on Hiwassee St (State Hwy 11). Commuter Traffic to and from major employment in the immediate area at Bowater (Resolute Forest Products), Olin, Lonza, Amazon Fulfillment, GE Distribution (2000+ jobs). New Pharmacy just installed across street. Parking for 45+/- cars on all concrete surface and 3 curb cuts for Flow Thru Traffic pattern. New Roof (2 yrs) with 10 yr warranty. Restaurant Equipment includes Double Oven, 2 Hoods, 2 deep Fryers, Flat Grill and 6-eye Burner, 1 Walk-In Refrigerator, 1 Walk-In Cooler with double compartment. All other attached equipment remains including hand sinks, triple sink, grease trap, etc…Out building for storage also conveys with purchase. Signage may install atop Pylon Pole already installed. Great opportunity to capture dining market in this growing area. Property sold in AS IS, WHERE IS condition. Current Tenant is on one year lease at $1250/month, with option for 3 yr Renewal at $1,500 / month.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: City of Charleston TN, Bradley County TN
Tax ID/APN: 016A F 007.01
Retail Clientele: General, Business, Traveler
Property Located Between: corner of Wool Ln and Hiwassee St
Property Visibility: Excellent
Largest Nearby Street: Frontage on N Lee HWY, State Hwy 11
Feet of Frontage: 150
Highway Access: N Lee Hwy (State Hwy 11)
Airports: Cleveland Regional Jetport
Site Description: Level, Developed, Conrete Surface Parking with 3 curb cuts for Flow Through Traffic
Area Description: Bradley County in the Charleston TN municipality. Area employers include Bowater, Olin Chem, Amazon Fulfillment, GE Distribution, Lonza, Wacker Chemie (representing 2000+ jobs in the immediate area). New Pharmacy installed within 1/4 mile and Bowater Expansion underway now.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,188 SF
Property Condition: Good
Year Built: 2002
Roof Type: Flat
Parking Type: Surface
Parking Description: All Conrete
Zoning Description: Commercial
Lot Frontage: 150
Lot Depth: 225
Sewer Type: Municipal
Legal Description: Lot 1 Hiwassee Shadows, Plat Book 13 page 247

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,618 2,776 10,632
Median Age: 38.2 40.08 41.31
Households: 627 1,080 3,996


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