115 E Broadway St

115 E Broadway St , Lenoir City, Tennessee, 37771 | 4,000 sq.f | $ 399,000

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About This Restaurant

Investment Highlights

Executive Summary

SF in Loudon County's main commercial corridor where business is booming with shopping and dining experiences, like Maui Waui, Ugly Mug Coffee and Master Donuts. Additionally, there is the exciting East TN Axe Throwing down the street.Lenoir City is a growing area but it is also near already developed areas such as Turkey Creek in Farragut, outlet shopping in Sevierville and Pigeon Forge and the expanding Maryville area.Owners can enjoy access to nearby lakes, golf courses, hiking, and entertainment venues like the Loudon Theatre.This is a perfect opportunity for retail, restaurant, bar, office, etc. With the open floor plan, the space allows for a lot of creativity of design.Additionally, owners will have an opportunity to receive a facade grant from City of Lenoir City to improve aesthetics and property value.Structural and foundational improvements needed.Excellent street visibility with large store front windows to display product/advertisement.The upstairs may be converted into an apartment. Great opportunity for a business owner looking to live close to work!

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    High Vacancy Property
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Bar General Retail Restaurant General Retail Storefront Storefront Retail/Office
  • Building Size    4,000
  • Building Class    C
  • Year Built    1920
  • Price    399,000
  • Price Per SF    100
  • Percent Leased    Vacant
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Slab To Slab    15?
  • Building FAR    1.12
  • Land Acres    0.08 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Property Taxes

Parcel Number 020K-J-008.00 Improvements Assessment $8,600
Land Assessment $44,440 Total Assessment $53,040
Date Created: 2024-07-16 04:23:38 Last Updated: 2024-07-16 04:23:38
Address: 115 E Broadway St , Lenoir City, Tennessee, 37771