17238 Rankin AveDunlap, TN 37327

Property Details for 17238 Rankin Ave

Year built

1962

Lot size

0.41 AC

Property size (Sq ft)

2,135 SF

Property type

Turn key restaurants

APN

077041G B 00102

APU

077041GB00102

Description

This exceptional 1.52-acre commercial property in Dunlap, TN, presents a unique investment opportunity. Located at 17238 Rankin Ave, this C-Class retail site boasts a 2,800 sq ft restaurant building constructed in 1962, featuring an all-brick exterior and a 10-year-old rubber membrane roof. The property includes a second building (15x50 ft), ample paved parking (32+ spaces and 40+ overflow), and excellent visibility on US Hwy 127 (Rankin Ave), a 3-lane highway with over 14,500 vehicles per day. The site benefits from double frontage, providing a flow-through traffic pattern, and proximity to State Hwy 111. All utilities are readily available, including sewer, gas, water, electric, and fiber. The property is zoned Commercial C1 and is not located in a FEMA 100 or 500-year floodplain. The existing restaurant, a community landmark since 1962, offers the potential for continued operation or redevelopment. The seller may leave fixtures, furnishings, and equipment

• CAP approach

  CAP return

  Valuation

  6%

  $663,796

  6.5%

  $612,735

  7%

  $568,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $876,381

  Geo Method

  $1,049,462

• Alternative Use

  Use

  Valuation

  Residential

  $516,865

  Hospitality

  $473,445

  Educational

  $393,901

  Medical

  $407,448

  Retail

  $612,735

Location Insight

City

Dunlap

County

Sequatchie

State

Tennessee

Latitude

35.3911

Longitude

-85.3761

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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