Riverfront opportunity

Business Opportunity for Sale
Catylist Listing ID: 30545043
Property Subtypes: Food and Beverage
Building Size (RSF): 7,424 SF
Sale Price: $350,000
In Opportunity Zone? Yes
Name of Establishment: Previously The Rivers Edge Restaurant
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: Cash at closing. Owner will also consider a trade (especially for aircraft). Possible owner financing with large down payment.
Last Updated: 3/23/2020

Overview / Comments

Here is your chance to get into a riverfront business at a great price. This beautiful custom built building sits on 4.59 acres on the Nolichuckey River across from the internationally known rock formation known as The Devils Looking Glass. All equipment including tables, chairs, etc. is included. Business has been shut down for awhile and will need some upgrades and updating- hence the low price. Over 650' of river frontage with lots of campsites available. Ample parking and a traffic count of approximately 6500 cars per day driving by. Inside upstairs is beautiful T&G walls and ceilings with a large dining area, kitchen, office, bathrooms, and access to wrap around decking for river and mountain viewing. Downstairs has numerous rooms for various uses along with previous living quarters, roughed in plumbing for campers bath house, and more. OWNER WILL CONSIDER A TRADE (ESPECIALLY FOR AIRCRAFT). Come take advantage of this AMAZING RIVERFRONT OPPORTUNITY.

Additional Details

Nearest MSA: Johnson City
County: Unicoi
Industry Segment: Restaurants
Reason for Selling: Owner took property back at auction.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: NA
Seller Financing Description: Owner will consider owner financing with large down payment.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,843 13,869
Median Age: 44.58 44.7
Households: 4,156 5,819


Photograph of Listing Agent

Richard Banks

North East Tennessee Real Estate
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