493 Gallaher RdKingston, TN 37763

Property Details for 493 Gallaher Rd

Year built

1982

Lot size

1.05 AC

Property size (Sq ft)

2,106 SF

Property type

Turn key restaurants

APN

073059 01900

APU

7305901900

Description

This exceptional commercial property, located at 493 Gallaher Rd, Kingston, TN 37763 (APN 073059 01900), presents a unique investment opportunity. The 2,100 square foot lot is zoned for both restaurant and gas station uses, offering significant flexibility for a variety of businesses. Situated at the high-traffic intersection of I-40 and Highway 58 (Gallaher Road exit), this property benefits from excellent visibility and accessibility. The location is strategically positioned to serve the substantial commuting population of DOE/DOD employees traveling to and from Oak Ridge via Gallaher Road, ensuring consistent customer traffic. The area is experiencing growth, evidenced by the recent expansion of a Weigels and the opening of a new Earl Duff Subaru dealership on the same road. This property is ideal for an owner-user seeking a prime location with high traffic counts and strong potential for return on investment. The asking price is $425,000. This is a single-tenancy property offering a significant opportunity for a savvy investor or business owner looking to establish a presence in a thriving commercial corridor. The property's existing infrastructure provides a solid foundation for immediate occupancy and operation.

• CAP approach

  CAP return

  Valuation

  6%

  $514,566

  6.5%

  $474,984

  7%

  $441,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,768

  Geo Method

  $427,228

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $931,728

  Mixed-Use / Specialty

  $471,084

  Hospitality / Lodging

  $342,746

  Office

  $465,986

  Institutional / Educational

  $488,949

  Residential Income

  $572,070

  Multifamily

  $698,345

  Automotive / Energy

  $419,099

  Parking / Income-Based Land

  $146,806

  Restaurant / Food Service

  $240,304

  Healthcare / Senior Housing

  $485,351

Location Insight

City

Kingston

County

Roane

State

Tennessee

Latitude

35.8729

Longitude

-84.4428

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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