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3529 Highway 421, Bristol, TN 37620 - $650,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sub Type: MLS Number: 9961555
Living Area: 2,161 Lot Acreage: 1 Year Built: 1995
Elementary School: Middle School: High School:
Property Description
Here is your opportunity for an established turn-key restaurant with a strong customer base, excellent location, and tremendous potential for growth. After many years of serving the residents of Bristol and beyond the owner's at Price's Too restaurant are retiring and selling the real estate and business in one package. This property is strategically located on Highway 421 near South Holston River and Lake. The casual dining restaurant offers country cooking at it's finest and includes all the restaurant equipment, furniture, point of sale devices, recipes and more. PNL statements show a solid revenue stream and potential for more revenue with a recently remodeled bar area that is complete but yet to be opened for evening revenue. The building offers 2161 sq ft if finished space with approximately 1600 sq ft of dining space. There are approximately 22 parking spaces and the lot is .84 acres with room to expand if needed. Current owner's and employees are willing to stay on during the transition of new ownership. Current hours of operation are Monday-Saturday 530am-6pm serving breakfast, lunch and dinner. There is limited competition for dining options in the South Holston Lake area and this restaurant has created a strong customer base with very little advertising. This is a great opportunity for someone looking to get into the restaurant business. Currently the restaurant has a beer and liquor license as well. Check this rare opportunity out today. No sign on property, please do not disturb employees or customers. Buyer/Buyer's agent to verify all information.
  • More Listing Info
    AC:Heat Pump3true
    Business Type:Restauranttrue
    Contract Info:ForeclosureNo
    Development Status:See Remarks37true
    Electric Service:220 Voltstrue
    Exterior Finish:Stone5true
    General Property Description:# Parking Spaces22
    General Property Description:# Restrooms2
    General Property Description:Acres0.84
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2177x230
    General Property Description:Road Frontage Length177
    General Property Description:Total SqFt Finished2161.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2B-3
    Heating:Heat Pump2true
    Info Available:ProfitLoss Statementtrue
    Info Available:See Remarks28true
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes1166.53
    Location Tax Legal Info:Deed Book #3421
    Location Tax Legal Info:Deed Page #2336
    Location Tax Legal Info:Lot #1
    Other Equipment:Freezertrue
    Other Equipment:See Remarks38true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3Take Virginia Ave to Highway 421, Restaurant on Left.
    Remarks Misc:Public Remarks2Here is your opportunity for an established turn-key restaurant with a strong customer base, excellent location, and tremendous potential for growth. After many years of serving the residents of Bristol and beyond the owner's at Price's Too restaurant are retiring and selling the real estate and business in one package. This property is strategically located on Highway 421 near South Holston River and Lake. The casual dining restaurant offers country cooking at it's finest and includes all the restaurant equipment, furniture, point of sale devices, recipes and more. PNL statements show a solid revenue stream and potential for more revenue with a recently remodeled bar area that is complete but yet to be opened for evening revenue. The building offers 2161 sq ft if finished space with approximately 1600 sq ft of dining space. There are approximately 22 parking spaces and the lot is .84 acres with room to expand if needed. Current owner's and employees are willing to stay on during the transition of new ownership. Current hours of operation are Monday-Saturday 530am-6pm serving breakfast, lunch and dinner. There is limited competition for dining options in the South Holston Lake area and this restaurant has created a strong customer base with very little advertising. This is a great opportunity for someone looking to get into the restaurant business. Currently the restaurant has a beer and liquor license as well. Check this rare opportunity out today. No sign on property, please do not disturb employees or customers. Buyer/Buyer's agent to verify all information.
    Restrictions:See Remarks34true
    Road Access:Highwaytrue
    Roof:Metal3true
    Sale Includes:See Remarks35true
    Sewer:Septic Tanktrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
REMAX Results Bristol
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