817 Interstate DrManchester, TN 37355

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

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.

• 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

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

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