8215 State Hwy. 73

    Townsend, TN 37882
    • $179,500
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 218025
    UPDATED: 54 min ago
    $179,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $150
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    County:

    School Ratings & Info

    Listing courtesy of Ted Jordan Realty.

    Description

    Seller has a 10 yr. lease and could extend at the end. He is 3 months into the second year paying $1,100.00 per month. 3rd year will Be $1,200 per month. 4th and 5th year will be $1,400 per month. 6th year will be $1,425, 7th year will be $1,450., 8th will be $1,475., 9th $1,500 and 10th yr. will be $1,525. This is a "Life Is Good" shop with other items being sold. There can't be another Life is Good Shop within 25 miles. Gatlinburg is the closest one. None around with the name Jake's On The River took him a long time to get it approved. $30,000.00 in inventory stays with sale. $15,000 in fixtures stay with sale. Grosses approx. $175,000 to $200,000 per year. This would be the perfect business for a couple or retirees.

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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 Billy Houston Group | Realty Executives. Information deemed reliable but not guaranteed. Last updated 2018-10-20T15:15:44.957.
    www.billyhoustongroup.com/homes/86620272

    8215 State Hwy. 73 Townsend, TN 37882

    • Price: $179,500
    • Status: Active
    • Updated: 54 min ago
    • ID#: 218025
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,200
    SQFT
    $150
    $/SQFT
    1995
    Built
    Neighborhood:
    Three Corners Properties
    County:
    Blount
    Area:
    Townsend/Walland
    Property Description
    Seller has a 10 yr. lease and could extend at the end. He is 3 months into the second year paying $1,100.00 per month. 3rd year will Be $1,200 per month. 4th and 5th year will be $1,400 per month. 6th year will be $1,425, 7th year will be $1,450., 8th will be $1,475., 9th $1,500 and 10th yr. will be $1,525. This is a "Life Is Good" shop with other items being sold. There can't be another Life is Good Shop within 25 miles. Gatlinburg is the closest one. None around with the name Jake's On The River took him a long time to get it approved. $30,000.00 in inventory stays with sale. $15,000 in fixtures stay with sale. Grosses approx. $175,000 to $200,000 per year. This would be the perfect business for a couple or retirees.
    Exterior Features

    Access Paved RoadPrivate DriveState Highway Construction Frame-Wood Exterior Features LightingOnsite ParkingPaved ParkingPole Sign Parking 6 Plus

    Interior Features

    Basement None Cooling Central ElectricElectric H/P Heating Electric H/P Interior Features 220VDisplay WindowFixturesFurnitureInside StorageInventoryRestroomsSecurity System Restrooms 1 Rooms 2 Stories One

    Property Features

    Annual Tax 0.00 Business Name Jakes On The River Commercial Type Leasehold Improved Common Area Maintenance Per Month 0.00 Current Use Retail District 15 Documents On File Equipment ListsFinancial StatementFixture ListLeases Hoa Per Month 0 Lease Terms Years 10 Yrs. Lot Block Unit ? Monthly Lease $1100 Possession At ClosingWith Deed Proposed Financing CashConventional Restrictive Covenants Yes Sale Or Rent For Sale Services Paid By Tenant ElectricWater/Sewer Suitable Use Retail Tax Year 2017 Utilities ElectricUtility WaterHas Septic 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 Billy Houston Group | Realty Executives. Information deemed reliable but not guaranteed. Last updated 2018-10-20T15:15:44.957.
     
    Billy Houston Group | Realty Executives
    109 S Northshore Drive, Suite 201
    Knoxville TN, 37919
    Listing courtesy of Ted Jordan Realty.