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1502 North N Main Ave Avenue
Erwin TN 37650
MLS #9988252 · Listing Courtesy of The Elite Team Agency
$850,000
Active
2,686
Sq Ft
1.29
Acres
1996
Built
Property Description
This is a rare opportunity to acquire a highly visible commercial property at a strategic location near an interstate interchange in growing Erwin, Tennessee. Positioned on 1.29 acres adjacent to a busy gas station and convenience stop frequented by both travelers and local residents, this 2,686-square-foot building offers exceptional accessibility, exposure, and long-term business potential.
The property has been home to Clarence's Drive-In, a well-known local landmark with strong community recognition and an established destination presence. However, the true value extends far beyond its history. The site presents a unique opportunity for an owner-user, franchise operator, investor, or developer seeking a location with built-in traffic and strong visibility.
The existing layout accommodates approximately 90 indoor guests, includes outdoor seating, and offers the potential for drive-through service -- creating flexibility for a variety of future concepts. Whether envisioned as a restaurant, coffee concept, fast casual operation, retail destination, specialty food venue, convenience-oriented business, or other commercial use, this property is positioned to capitalize on consistent local and pass-through traffic.
Located just moments from the interstate, the site benefits from the kind of convenience business owners actively seek, easy ingress and egress, strong visibility, and proximity to an established fuel stop that naturally attracts customers.
Property is offered at $850,000 for the real estate only, with the opportunity to purchase the operating restaurant business, equipment, and goodwill for an additional $150,000.
Property Facts
Property TypeCommercial Sale
MLS Number9988252
City Taxes$2,679.23
County Taxes$4,508.86
Features & Amenities
Interior
Central Air
Central Heating
Exterior
Brick Exterior
Other
Above Average Condition
Fee Simple
Public Sewer
Public Water
Restaurant
Directions
Exit 36 off highway 26, straight to main street. Restaurant directly across from stop light.
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Additional Information
Contract InfoForeclosureNoDevelopment StatusSee RemarksYesElectric ServiceSee RemarksYesGeneral Property DescriptionAnnual Lease0HOANoLeaseNoLot Size+/- 1.29 acresTotal Finished SqFt2,686Unfinished SqFt0ZoningBusinessInfo AvailableSee RemarksYesLocation Tax Legal InfoDeed Book #418Deed Page #915Other EquipmentSee RemarksYesRestrictionsSee RemarksYesRoad AccessSee RemarksYes
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