388 Yarbro Harbor DrDecaturville, TN 38329

Property Details for 388 Yarbro Harbor Dr

Year built

2002

Lot size

2.64 AC

Property size (Sq ft)

3,200 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

020076B C 01900

APU

020076BC01900

Description

This exceptional mixed-use property, located at 388 Yarbro Harbor Dr, Decaturville, TN, presents a unique investment opportunity. The established Tennessee River Marina boasts a full-service restaurant and liquor bar, situated on 2.64 acres of prime waterfront land. With a substantial 2,960 square feet of building space, the property features two kitchens, easily accommodating the 175+ seating capacity spread across the dining room, patio, deck, and bar area. A dedicated retail space adds further versatility. The property also includes a 32-foot bar, seven televisions, and ample parking. Further enhancing its income potential are two gas pumps (one at the dock and one in the parking lot), six camper and RV spots, and a 338-foot dock equipped with power. A two-bedroom, two-bathroom mobile home provides additional rental income or living quarters. The marina is a popular family-friendly destination during the day and transforms into the area's premier nightlife venue, hosting live entertainment and events every weekend. This landmark property offers significant value-add potential and is ideally positioned for continued success and growth. The asking price is $1,195,000. All offers are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $812,626

  6.5%

  $750,116

  7%

  $696,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,149

  Geo Method

  $694,149

• Alternative Use

  Use

  Valuation

  Residential

  $632,751

  Hospitality

  $579,596

  Educational

  $482,217

  Medical

  $498,802

  Retail

  $750,116

Location Insight

City

Decaturville

County

Decatur

State

Tennessee

Latitude

35.5591

Longitude

-88.0074

Property Tax & Assessments

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