555 Morrell Springs

    Newport, TN 37821
    • $475,000
    • STATUS: Active
    • ON SITE: 339 days
    • ID#: 213199
    UPDATED: 119 min ago
    $475,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,274
      SQFT
    • $145
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Re/Max Between The Lakes Jefferson City.

    Description

    This family owned restaurant brings back a lot of memories and it is time the remaining family sold. The Grease Rack was established in 1972 and offers a complete operating full service restaurant business along with the real estate. Main bldg. offers 3200 sq ft that offers 4 dining rooms, 4 baths and a full service bar. Kitchen is furnished with all the necessary equipment to carry on with. Recently the owners added an outside seating area along Earls Creek. Seating capacity of main bldg. is 110 and outside seating area has ability to accommodate 50 or more. The family for years operated Wed thru Sat 4:30 to 9:00 pm and opened for special occasions. There is tremendous growth potential to expand hrs and days if this is your goal. The 1300 sq ft 3br, 1ba home next to business is also available for either living or expanding business as well. This sale includes business, equipment and furnishings. This is turn key will many abilities to expand. Appointment only.

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    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2018-10-22T00:15:48.723.
    www.janeterrell.com/homes/78800664

    555 Morrell Springs Newport, TN 37821

    • Price: $475,000
    • Status: Active
    • Updated: 119 min ago
    • ID#: 213199
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    3,274
    SQFT
    $145
    $/SQFT
    1970
    Built
    Neighborhood:
    None
    County:
    Cocke
    Area:
    Newport
    Property Description
    This family owned restaurant brings back a lot of memories and it is time the remaining family sold. The Grease Rack was established in 1972 and offers a complete operating full service restaurant business along with the real estate. Main bldg. offers 3200 sq ft that offers 4 dining rooms, 4 baths and a full service bar. Kitchen is furnished with all the necessary equipment to carry on with. Recently the owners added an outside seating area along Earls Creek. Seating capacity of main bldg. is 110 and outside seating area has ability to accommodate 50 or more. The family for years operated Wed thru Sat 4:30 to 9:00 pm and opened for special occasions. There is tremendous growth potential to expand hrs and days if this is your goal. The 1300 sq ft 3br, 1ba home next to business is also available for either living or expanding business as well. This sale includes business, equipment and furnishings. This is turn key will many abilities to expand. Appointment only.
    Exterior Features

    Access City StreetPaved Road Construction BlockWood Siding Exterior Features FencedLightingOnsite ParkingOutbuildingPaved Parking Lot Back 325 Lot Front 280 Lot Left 130 Lot Right 230 Parking 30+

    Interior Features

    Cooling Central Electric Heating Central Interior Features 220VFixturesFurnitureHandicap RestroomInside StorageLiving SpaceReception AreaRestroomsSprinkler Restrooms 5 Stories One

    Property Features

    Annual Tax 3135 Business Name The Grease Rack Commercial Type Fee Simple Improved Common Area Maintenance Per Month 0 Current Use Food Service District 06 Documents On File Financial StatementFixture ListFurniture ListLead Base PaintProperty DisclosureSurvey Hoa Per Month 0 Lot Block Unit Pt 50 Possession At ClosingNegotiable Proposed Financing CashConventional Restrictive Covenants Yes Sale Or Rent For Sale Suitable Use Food Service Tax Year 2017 Utilities Cable TvElectricGasPhoneSewerUtility Water Zoning Comm./Indust. Zoning Entity Other

    Copyright 2018 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2018-10-22T00:15:48.723.
     
    The Terrell Team - Prime Mountain Properties
    807 Dolly Parton Parkway
    Sevierville TN, 37862
    Listing courtesy of Re/Max Between The Lakes Jefferson City.
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