Property Description

Listing Status

• More Listing Info

  AC:Central Air	true
  Business Type:Restaurant	true
  Contract Info:Foreclosure	No
  Development Status:See Remarks37	true
  Easements:See Remarks18	true
  Electric Service:220 Volts	true
  Exterior Finish:Block5	true
  Exterior Finish:Brick4	true
  General Property Description:# Parking Spaces	45
  General Property Description:# Restrooms	2
  General Property Description:Acres	0.37
  General Property Description:Annual Lease	0.0
  General Property Description:HOA YN	No
  General Property Description:Lease	No
  General Property Description:Lot Size2	170x95
  General Property Description:Road Frontage Length	208
  General Property Description:Stories3	2.0
  General Property Description:Total SqFt Finished	5500.0
  General Property Description:Total SqFt Unfinished	0.0
  General Property Description:Zoning2	B3
  Heating:Central	true
  Info Available:Traffic	true
  Location Tax Legal Info:City Taxes	1306.55
  Location Tax Legal Info:County Taxes	1673.75
  Location Tax Legal Info:Deed Book #	3311
  Location Tax Legal Info:Deed Page #	2077
  Location Tax Legal Info:Plat Map	E
  Other Equipment:Additional Building(s)	true
  Other Equipment:Dishwasher2	true
  Other Equipment:Display Window	true
  Other Equipment:Exterior Lights	true
  Other Equipment:Freezer	true
  Other Equipment:Handicap Access2	true
  Other Equipment:Inside Storage	true
  Other Equipment:Pole Sign	true
  Other Equipment:Range2	true
  Other Equipment:Refrigeration	true
  Other Equipment:Refrigerator2	true
  Other Equipment:Smoke Detector(s)2	true
  Property Condition:Average	true
  Remarks Misc:Directions3	From West Stone Dr. take Hwy 36 Lynn Garden Dr. for 1.2 miles to restaurant location on the right at 1105 Lynn Garden Dr.
  Remarks Misc:Public Remarks2	OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 77 years. APARTMENT INCLUDED...also attached is a one level apartment that produces $425/m. If you're looking for the perfect location to start or expand a restaurant business....this is it! The property comes with a variety of restaurant equipment already in place and ready to use. Several generations have known and enjoyed the Lynn Garden Restaurant so it comes with a built-in customer base just waiting for the restaurant to re-open. The property will also include an adjacent lot added to accomadate increased customer parking and giving the property 208' of road frontage directly on Lynn Garden Drive. For additional rental income, this property also includes a two bedroom apartment on the upper level with a good rental history. And you can now count on the new Kingsport Lynn Garden revitalization project to update the area and increase the already high average 18,000 vehicles per day that pass by the front door. This restaurant was THE PLACE to eat in Lynn Garden for many years and is embedded in the HISTORY of the Lynn Garden community. According to information provided to the BMA, the Lynn Garden redevelopment district is 118 acres with an appraised value of $24.7 million. Its boundaries include property around the Stone Drive/Lynn Garden Drive intersection, stretching down Tranbarger Drive to Allen and Chadwick and property on both sides of Lynn Garden to the end of Truxton. In fact, city officials said the Lynn Garden redevelopment district will likely be expanded once, maybe twice in 2022.
  Restrictions:See Remarks34	true
  Road Access:City Street	true
  Roof:Metal3	true
  Roof:Shingle	true
  Sale Includes:See Remarks35	true
  Sewer:Public Sewer	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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