68 Morgan CirPetersburg, TN 37144

  • Retail properties
  • 1,980 SF
For Sale
$315,000 View listing

Property Details for 68 Morgan Cir

Year built
2012
Construction
WOOD
Lot size
0.52 AC
Property size (Sq ft)
1,980 SF
Property type
Retail properties
Property subtype
Retail space
APN
4003
APU
4003

Description

This thriving restaurant, Crossroads Mealhouse, presents a unique opportunity for ownership in Petersburg, TN. Located on Highway 431, the property boasts approximately 400 feet of road frontage, ensuring high visibility and accessibility. The 1,800 square foot building sits on a 0.52-acre lot and comfortably seats 69 patrons. Included in the sale are most of the restaurant's equipment, tables, chairs, dishes, and some inventory. The option to acquire the established restaurant name is also available. Note that some items belong to vendors and are not included. The property features two HVAC units, one of which is only three years old, providing efficient climate control. Additional features include a 12x5 storage closet and two half-bathrooms. A stainless steel hot bar and cold bar, housed in a storage container, are also part of the sale. The property's leasehold items include a dumpster, propane tank, and grease catcher. This turnkey operation is priced at $315,000 and offers immediate potential for continued success.

68 Morgan Cir, Petersburg, Tennessee

Location Insight

City
Petersburg
County
Lincoln
State
Tennessee
Latitude
35.2977
Longitude
-86.6327

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$554
$3,280
$23,080
$26,360
-
$8,200
$57,700
$65,900

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