2207 Railroad AveAthens, TN 37303

Property Details for 2207 Railroad Ave

Year built

1983

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

1,500 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Turn key restaurants

APN

054047K B 01600

APU

054047KB01600

Description

This 1,500 square foot mixed-use building, situated on a half-acre lot at 2207 Railroad Avenue in Athens, Tennessee, presents a compelling investment opportunity. Previously operated as a restaurant, its adaptable layout offers diverse potential uses for a variety of businesses. The property boasts a recently paved parking lot, providing ample space for customers and employees. Interior improvements include fresh paint, enhancing the overall aesthetic appeal and creating a clean, modern feel. The kitchen is equipped with a brand-new hood system, ready for immediate use or customization to suit a new culinary concept. The building's location in Athens offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a well-maintained property with significant upside potential. The half-acre lot provides ample space for expansion or outdoor seating, further enhancing the property's versatility. This is a turn-key opportunity for a savvy investor looking to capitalize on a thriving market. The combination of recent upgrades, prime location, and flexible space makes this property a truly attractive investment. Serious inquiries are encouraged to explore the possibilities this unique commercial space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $466,367

  6.5%

  $430,493

  7%

  $399,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $615,724

  Geo Method

  $737,327

• Alternative Use

  Use

  Valuation

  Residential

  $363,137

  Hospitality

  $332,631

  Educational

  $276,745

  Medical

  $286,263

  Retail

  $430,493

Location Insight

City

Athens

County

Mcminn

State

Tennessee

Latitude

35.4662

Longitude

-84.6064

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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