Catylist ID:
#30796548
The Southern Restaurant
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30796548 |
| Property Subtypes: | Restaurant |
| Status: | Pending/Contingent |
| Building Size (RSF): | 1,820 SF |
| Gross Land Area: | 1,924 SF |
| Sale Price: | $500,000 |
| Unit Price: | $274.73 PSF |
| Ceiling: | 9 ft. |
| Property Use Type: | Business |
| Building Name: | The Southern Restaurant |
| Usable Size (USF): | 1,820 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 5/3/2022 |
Overview / Comments
|
An Award-Winning profitable restaurant for sale in the heart of Elizabethton, TN 37643. This restaurant has been part of the downtown-community for nearly 100 years. The restaurant has preserved recipes from the local region and continues to deliver southern comfort home style cooked meals. Keep the theme or change it – you’ll own it!! The restaurant space is about 2,400 sq ft with seating for 74. Furniture, fixtures, inventory and equipment are included in the asking price. The restaurant is supported by 14 employees. The seller will provide 4 weeks of training to the new owner. In addition, the seller will remain as a paid consultant for up to 3 months after the closing date. Many upgrades have been made over the last couple of years: 1) New sewer line drop 2) New floor in dining area 3) New prep-area floor plan 4) New Grill Don't miss out on this amazing opportunity to own your own establishment and own your future! |
Additional Details
| Nearest MSA: | Johnson City |
| County: | Carter |
| Taxing Authority: | Carter County Assessor |
| Tax ID/APN: | 041F C 00500 000041F |
| Zoning: | B-3, CENTRAL BUSINESS |
| Retail Clientele: | General, Family, Business, Tourist |
| Property Located Between: | Broad and Elk |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Elk Avenue |
| Feet of Frontage: | 24 |
| Traffic/Vehicle Count: | 3,779 |
| Highway Access: | East Elk is an Arterial Street with 1-way traffic and ample parking on both sides. |
| Site Description: | Building covers the entire lot. |
| Area Description: | Elizabethton is the Carter County seat and is a quaint small town in the Appalachian Mountains of East Tennessee. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 1,820 SF |
| Property Condition: | Good |
| Year Built: | 1926 |
| Year Renovated: | 2021 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Description: | On street parking in nearly every direction. |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Interior Description: | Open community-friendly seating in the front for 74. Rear modern and functional kitchen. Very unique southern-chic restroom. |
| Zoning Description: | B-3, Central Business allows restaurants and a host of other retail and office. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,227 | 24,123 | 36,324 |
| Median Age: | 44.37 | 42.57 | 41.34 |
| Households: | 2,319 | 10,204 | 15,204 |
Contact
Michael E. Green, CCIM MAI SIORCentury 21 LegacyNETAR CMLS Member |
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