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Tellicafe 128 Bank St

4,445 SF Retail Building Tellico Plains, TN 37385 £961,848 (£216/SF)

Executive Summary

An established business with a legacy of over 30 years serving the community, this fully equipped restaurant is turnkey ready for its new owner. Recent updates include a 1000 square foot covered outdoor bar area, 8 ton HVAC, and Commercial Grade Appliances. With indoor seating for over 100 patrons and new covered outdoor seating (with window coverings to give it year round use!) to take in the breathtaking Unicoi Mountain Views, this restaurant is perfectly situated to host all that call Tellico Plains home and all that love to visit her for her beauty. Located a few hundred feet from the Cherohala Skyway, Highway 68 and Tellico Plains historic downtown (which has seen its own revitalization over the past few years), this hot spot is just what an entrepreneur is looking for.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,445 SF
Building Class
C
Year Built
1976
Price
£961,848
Price Per SF
£216
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
30 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
131 ft on Bank Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
136-049.00
Land Assessment
£17,096
Improvements Assessment
£76,980
Total Assessment
£94,076
  • Listing ID: 32487479

  • Date on Market: 17/07/2024

  • Last Updated:

  • Address: 128 Bank St, Tellico Plains, TN 37385

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