817 Interstate DrManchester, TN 37355
- Retail properties
- 10,444 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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