817 Interstate DrManchester, TN 37355

  • Retail properties
  • 10,444 SF
For Sale
$1,000,000 View listing

Property Details for 817 Interstate Dr

Year built
1977
Lot size
1.50 AC
Property size (Sq ft)
10,444 SF
Zone code
C2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
016067 10304
APU
1606710304

Description

Exceptional investment opportunity awaits with this fully remodeled restaurant and bar located at 817 Interstate Dr, Manchester, TN 37355. This 10,302 square foot, two-story establishment sits on a 1.5-acre lot and boasts a prime location on I-24, centrally positioned between Nashville and Chattanooga. Built in 1977 and extensively renovated in 2020, the property offers high visibility and significant traffic due to its proximity to I-24 exits 110 and 111. The interior features multiple bar areas and ample seating, catering to a diverse clientele. The property also includes multiple outdoor decks and seating areas, ideal for enjoying the Tennessee climate. Some kitchen equipment is included in the sale. The asking price is $1,000,000, translating to $97.07 per square foot. The property is zoned for commercial use and presents a rare opportunity for a thriving hospitality business. All offers will be considered. Don't miss this chance to own a well-established, high-traffic restaurant and bar in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,247,159
    6.5%
    $2,997,377
    7%
    $2,783,279
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,287,082
    Geo Method
    $5,133,760
  • Alternative Use

    Use
    Valuation
    Residential
    $2,528,400
    Hospitality
    $2,316,001
    Educational
    $1,926,885
    Medical
    $1,993,154
    Retail
    $2,997,377
817 Interstate Dr, Manchester, Tennessee

Location Insight

City
Manchester
County
Coffee
State
Tennessee
Latitude
35.4997
Longitude
-86.0834
CBSA code
46100
CBSA name
TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

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
2023
$7,374
$42,120
$161,040
$203,160
-
$105,300
$402,600
$507,900

FAQs

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