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523 Louisville Rd 2,667 SF Retail Building Alcoa, TN 37701 $2,191,536 CAD ($821.72 CAD/SF)
Investment Highlights
- Drive Thru Restaurant
- 16,000+ Traffic Count
- Excellent Condition
- Adjacent to Hamilton Crossing Shopping Center
Executive Summary
Our firm is honored to present the former Lee's Famous Recipe restaurant property on behalf of the owner group (Fesmire Foods Inc.). The property operated for over 40 years as a restaurant.
The property condition is well maintained with a newer roof. There is plenty of interior storage (as well as a storage shed), 3 walk ins (1 freezer), restrooms, manager's office, drive thru window, kitchen, and prep area. There are 36 parking spaces for the available 76 seats. There is a 1,500 gal. grease tank/trap.
All the seating booths and tables, window blinds, POS, kitchen equipment, reach ins, some serving equipment, office furniture, shelving, drive-thru menu board and speaker, and more are included in the sale.
The location is well known and adjacent to the Hamilton Crossing Shopping Center with a traffic count of 16,000+ with easy in/out access.
You may apply for the Lee's Famous Recipe franchise or apply your own concept/brand.
This was a $2.0M+ revenue location for the operator. This is a rare opportunity in Blount County.
The property condition is well maintained with a newer roof. There is plenty of interior storage (as well as a storage shed), 3 walk ins (1 freezer), restrooms, manager's office, drive thru window, kitchen, and prep area. There are 36 parking spaces for the available 76 seats. There is a 1,500 gal. grease tank/trap.
All the seating booths and tables, window blinds, POS, kitchen equipment, reach ins, some serving equipment, office furniture, shelving, drive-thru menu board and speaker, and more are included in the sale.
The location is well known and adjacent to the Hamilton Crossing Shopping Center with a traffic count of 16,000+ with easy in/out access.
You may apply for the Lee's Famous Recipe franchise or apply your own concept/brand.
This was a $2.0M+ revenue location for the operator. This is a rare opportunity in Blount County.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,667 SF
Building Class
B
Year Built
1979
Price
$2,191,536 CAD
Price Per SF
$821.72 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
E
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
130’ on Louisville Rd
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 046K-A-018.00 | Improvements Assessment | $225,180 CAD |
| Land Assessment | $184,089 CAD | Total Assessment | $409,269 CAD |
Property Taxes
Parcel Number
046K-A-018.00
Land Assessment
$184,089 CAD
Improvements Assessment
$225,180 CAD
Total Assessment
$409,269 CAD
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523 Louisville Rd
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