1751 Broad StTazewell, TN 37879

Property Details for 1751 Broad St

Year built

1958

Lot size

0.13 AC

Property size (Sq ft)

8,100 SF

Property type

Retail space

APN

096A B 00901

APU

096AB00901

Description

This mixed-use property in Tazewell, Tennessee, presents a unique investment opportunity. Located at 1751 N Broad St, 37879, this 4,050 square foot building, constructed in 1958 and boasting a new roof, offers two established businesses: a fully equipped and operational restaurant (County Seat Cafe) and a retail space (Happy Days Discount Store). The restaurant features all necessary furniture, equipment, utensils, cookware, and decor, allowing for immediate operation. The cafe's entrance faces Main Street, providing excellent visibility. The adjacent retail space, facing North Broad Street, offers significant flexibility for various uses or conversions. This prime location between Main Street and North Broad Street ensures high visibility and easy access, surrounded by thriving businesses. The asking price is $299,000. This property offers a rare chance to acquire two established businesses in a desirable location with significant upside potential. The building's recent renovation, including a new roof, ensures long-term value and minimal maintenance needs. Don't miss this opportunity to own a thriving commercial property in a vibrant Tennessee town.

• CAP approach

  CAP return

  Valuation

  6%

  $2,042,898

  6.5%

  $1,885,752

  7%

  $1,751,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,735,080

  Geo Method

  $1,680,520

• Alternative Use

  Use

  Valuation

  Residential

  $1,590,702

  Hospitality

  $1,457,074

  Educational

  $1,212,269

  Medical

  $1,253,961

  Retail

  $1,885,752

Location Insight

City

Tazewell

County

Claiborne

State

Tennessee

Latitude

36.4532

Longitude

-83.5691

Property Tax & Assessments

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