1017 Parkway

    Gatlinburg, TN 37738
    • $550,000
    • STATUS: Active
    • ON SITE: 213 days
    • ID#: 1038525
    $550,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,131
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    ESTABLISHED MONEY MAKER in the heart of Gatlinburg. Lease of existing restaurant facility with accompanying purchase of Pizzeria. $7000/month triple net lease for five years with a five year option to extend. Turn-key Business comes complete with equipment, furnishings, furniture, signage, inventory and much much more. Proven and successful with over $800,000 in sales in 2017. DYNAMIC CAP RATE of 48.7% - WOW!! One of the Best Investments in the Smoky's. Current owner will provide 2 weeks free assistance in the operation and continued management of the restaurant and bar.

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    © 2018 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to The Terrell Team - Prime Mountain Properties. Information is deemed reliable but is not guaranteed accurate by the MLS or The Terrell Team - Prime Mountain Properties. Data last updated: 2018-11-18T23:54:10.607.
    www.janeterrell.com/homes/82764201

    1017 Parkway Gatlinburg, TN 37738

    • Price: $550,000
    • Status: Active
    • ID#: 1038525
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,131
    SQFT
    $258
    $/SQFT
    Neighborhood:
    Gatlinburg
    County:
    Sevier
    Area:
    Gatlinburg
    Property Description
    ESTABLISHED MONEY MAKER in the heart of Gatlinburg. Lease of existing restaurant facility with accompanying purchase of Pizzeria. $7000/month triple net lease for five years with a five year option to extend. Turn-key Business comes complete with equipment, furnishings, furniture, signage, inventory and much much more. Proven and successful with over $800,000 in sales in 2017. DYNAMIC CAP RATE of 48.7% - WOW!! One of the Best Investments in the Smoky's. Current owner will provide 2 weeks free assistance in the operation and continued management of the restaurant and bar.
    Exterior Features

    Construction Frame - BrickOther Location Central Busns AreaInside City Lot Size 25X110 Parking Spaces 20.00 Road Access OtherPublic RoadState Highway Siding BrickVinyl

    Interior Features

    Cooling Central Cooling Equipment Display WindowFixtures/FurnitureInventory IncludedMachinery IncludedPole SignSprinkler System Fuel ElectricPropane Heat Central

    Property Features

    Additional Info LeasesOperating Exp Rpt Auction YN No Building Business Type Food Service City County Code City Limits Commercial Type CommercialOther Condition Excel Docson File Other Easements Gas LineOther Expenses Included Other Gross Annual Income 800000.00 Miscellaneous 220 Volt PowerHandicap AccessibleInside StorageInternet AvailableLicenses IncludedRest Rooms New Financing CashConventionalOther Property Status N/A Pud YN No Restrictions Yes Sale Lease Includes LeaseholdOther Sq Ft Source Tax Records Total Tax 1272.90 Utilitieson Site ElectricOtherPublic WaterSewerTelephone Zoning C-1

    Listing information © 2018 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Century 21 Mvp.


    © 2018 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to The Terrell Team - Prime Mountain Properties. Information is deemed reliable but is not guaranteed accurate by the MLS or The Terrell Team - Prime Mountain Properties. Data last updated: 2018-11-18T23:54:10.607.
     
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    807 Dolly Parton Parkway
    Sevierville TN, 37862
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