Property Facts

Description

High-Visibility Investment Opportunity Priced Below Tax Appraisal The Opportunity: Secure a massive commercial footprint on one of Greeneville's busiest corridors at an unbeatable value. Formerly the well-known ''Homestead Family Restaurant,'' this property is a blank canvas ready for its next chapter. Whether you are looking to launch a new flagship business or develop an income-generating property, the infrastructure here is built for success. Immediate Equity & Value Priced to Move: This property is listed at $749,900.00, which is below the official tax appraisal. This gives investors and business owners an immediate advantage and instant equity from day one. Massive Infrastructure: Featuring a 7,509 sq. ft. building on 2.1 level acres, you are getting substantial square footage and land at a highly competitive price point. Location & Exposure (The ''Value'' Drivers) Daily Traffic: Situated on the busy 11-E / West Andrew Johnson Highway, this site is seen by 15,000+ vehicles every single day according to the 2023 TDOT traffic map. In real estate, high visibility equals built-in marketing. City Limits: Located within the city limits of beautiful Greeneville, providing easy access to city utilities and a growing local customer base. Parking Power: With 60+ paved spaces, you have the capacity for high-volume retail, tour buses, or large events without ever running out of room. Ready-to-Use Assets Equipment Included: The building comes equipped with a large walk-in freezer and walk-in refrigerator, saving a new owner tens of thousands of dollars in startup costs for food service or specialized storage. Versatile Layout: The expansive interior can easily be partitioned into offices, kept open for a retail showroom, or utilized as a grand event venue. Future Possibilities (Pick Your Business) This property isn't just a restaurant building--it's a versatile commercial asset. Imagine the ROI on: Retail & Showrooms: Furniture, appliances, or a boutique shopping hub. Professional Services: Medical clinics, corporate offices, or a modern fitness center. Event Space: A premier wedding venue or a community meeting hall. Hospitality: A high-volume steakhouse, family style restaurant, or buffet. Property Specs at a Glance: Price: $749,900.00 (Below Tax Appraisal) Address: 3124 W Andrew Johnson Highway, Greeneville, TN 37743 Building Size: 7,509 Sq. Ft. Land Size: 2.1 Acres Parking: 60+ On-site Spots Daily Cars: 15,000+ (2023 TDOT) Bring your business and your imagination to a location that cannot be missed. This is a rare chance to acquire a large-scale property at a price that makes sense for your bottom line. Information within taken from tax records and TDOT traffic maps online and as such is deemed reliable but is not guaranteed and must be verified by the buyer an or the buyer's agent. R# 1944

Features & Amenities

• Aerial
• Average Condition
• Cable Available
• City Street
• Electricity Connected
• Exterior Lights
• Fee Simple
• Fireplace Heating
• Freezer
• Handicap Access
• Handicap Facilities
• Heat Pump
• Highway
• Infrastructure In
• Log Exterior
• Metal Roof
• Natural Gas Available
• Natural Gas Heating
• Phone Available
• Pole Sign
• Public Sewer
• Public Water
• Refrigerator
• Sewer Connected
• Shingle Roof
• Vacant
• Water Connected
• Wood Siding Exterior

Listing Courtesy

REMAX Checkmate, Inc. Realtors