3507 Main StErin, TN 37061

Property Details for 3507 Main St

Year built

1971

Lot size

0.45 AC

Property size (Sq ft)

4,400 SF

Zone code

8

Property type

Retail space

APN

042019M G 00901

APU

042019MG00901

Description

This exceptional mixed-use property at 3507 W Main St, Erin, TN, presents a rare opportunity to acquire a thriving, fully operational restaurant and ice cream shop. The 4,000 square foot building sits on a 0.43-acre lot and is offered at $650,000. Recent extensive renovations have resulted in a pristine, modern space ready for immediate operation. Upgrades include a brand-new HVAC system, updated ductwork, a tankless water heater, a new kitchen hood, and all top-of-the-line kitchen equipment, all included in the sale. The current owner's significant investment ensures the property is in excellent condition. The business remains open during the sale, allowing for a seamless transition and immediate revenue generation. This turnkey operation is ideal for experienced restaurateurs or those seeking entry into the industry, offering the chance to build upon an established customer base and successful business model in a desirable location. The sale includes all existing kitchen equipment. Don't miss this chance to own a well-established business with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,117,360

  6.5%

  $1,031,410

  7%

  $957,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $954,455

  Geo Method

  $954,455

• Alternative Use

  Use

  Valuation

  Residential

  $870,033

  Hospitality

  $796,945

  Educational

  $663,049

  Medical

  $685,852

  Retail

  $1,031,410

Location Insight

City

Erin

County

Houston

State

Tennessee

Latitude

36.3165

Longitude

-87.7151

Property Tax & Assessments

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