Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9945964

Lot Acreage: 0.37000

Living Area: 5,500

Year Built:1946

Elementary School:

Middle School:

High School:

Public Remarks: 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.

Listing Courtesy:TCI Group - Jerry Petzoldt Agency, LLC

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