31993 Highway 70Bruceton, TN 38317

Property Details for 31993 Highway 70

Year built

1994

Lot size

7.71 AC

Property size (Sq ft)

1,024 SF

Property type

Retail properties

Property subtype

Retail space

APN

009067 00400

APU

906700400

Description

This exceptional retail property, located at 31993 Highway 70 W in Bruceton, Tennessee, presents a unique investment opportunity. The 1,024 square foot building boasts a fully permitted restaurant space with seating for 16 patrons and a convenient drive-thru window. Situated on a spacious 7.71-acre lot, the property offers ample parking and potential for expansion or the addition of another business. Completely remodeled in 2022, the building features a fresh coat of paint, new tinted windows, updated plumbing and electrical systems, including new lighting and ceiling fans. The flooring has been replaced, and a new HVAC system ensures year-round comfort. The bathroom has been completely updated, and new sheetrock and interior doors enhance the aesthetic appeal. High-speed internet access is provided via TDS. A new water chlorination system is in place, and the septic system has been recently inspected. The sale includes all new equipment, a comprehensive list of which includes coolers, chairs, grill, sinks, freezer, point-of-sale (POS) system, and tables. The property is fenced along Highway 70, providing excellent visibility and security. This turnkey operation is priced at $145,000 and represents a compelling opportunity for a savvy investor or entrepreneur seeking a well-equipped and updated commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $260,040

  6.5%

  $240,037

  7%

  $222,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,128

  Geo Method

  $222,128

• Alternative Use

  Use

  Valuation

  Residential

  $202,480

  Hospitality

  $185,471

  Educational

  $154,310

  Medical

  $159,617

  Retail

  $240,037

Location Insight

City

Bruceton

County

Carroll

State

Tennessee

Latitude

36.0367

Longitude

-88.223

Property Tax & Assessments

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