555 Morrell Springs Rd

    Newport, TN 37821
    • $399,000
    • STATUS: Active
    • ON SITE: 397 days
    • ID#: 1022954
    UPDATED: 24 min ago
    $399,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,274
      SQFT
    • $122
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    OWNERS HEALTH DIMINISHING. LARGE REDUCTION AND WILL ENTERTAIN REASONABLE OFFERS 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 Earl's 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 daysThe 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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    © 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 Billy Houston Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or Billy Houston Group | Realty Executives. Data last updated: 2018-12-19T10:53:31.083.
    www.billyhoustongroup.com/homes/78801632

    555 Morrell Springs Rd Newport, TN 37821

    • Price: $399,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 1022954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    3,274
    SQFT
    $122
    $/SQFT
    Neighborhood:
    Newport
    County:
    Cocke
    Area:
    Newport
    Property Description
    OWNERS HEALTH DIMINISHING. LARGE REDUCTION AND WILL ENTERTAIN REASONABLE OFFERS 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 Earl's 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 daysThe 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

    Construction Concrete Block Location Central Busns AreaDetached BuildingInside City Lot Size 280X130x325x230 Parking Spaces 35.00 Road Access Public Road Siding Other

    Interior Features

    Cooling Central CoolingWindow Unit Equipment Fire AlarmFixtures/FurnitureMachinery IncludedSprinkler System Fuel ElectricGas (Natural) Heat Central

    Property Features

    Additional Info Operating Exp RptTax Information Auction YN No Building Business Type Bar/Tavern/LoungeFood Service City County Code City Limits Commercial Type Commercial Condition Good Docson File Building PlansSurvey Easements Other Expenses Included Other Lot Pt 50 Miscellaneous 220 Volt PowerDsl AvailableHandicap AccessibleInside StorageInternet AvailableLiving Space AvailOther OutbuildingsOutside StorageRest RoomsWired For DslWired For Internet New Financing CashConventional Property Status N/A Pud YN No Restrictions Yes Sale Lease Includes Business IncludedFee Simple Sq Ft Source Tax Records Total Tax 3143.11 Utilitieson Site ElectricNatural GasPublic WaterSewerTelephone Zoning Comm

    Listing information © 2018 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Re/Max Between The Lakes.


    © 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 Billy Houston Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or Billy Houston Group | Realty Executives. Data last updated: 2018-12-19T10:53:31.083.
     
    Billy Houston Group | Realty Executives
    109 S Northshore Drive, Suite 201
    Knoxville TN, 37919