555 Morrell Springs Newport TN 37821

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Listing courtesy of RE/MAX BETWEEN THE LAKES
FOR SALE$499,000

Remarks

This family owned restaurant brings back a lot of memories and it is time the remaining family sold. The grease rack was established in 1972 and offers a complete operating full service restaurant business along with the real estate. Main bldg. Offers 3200 sq ft that offers 4 dining rooms, 4 baths and a full service bar. Kitchen is furnished with all the necessary equipment to carry on with. Recently the owners added an outside seating area along earl’s creek. Seating capacity of main bldg. Is 110 and outside seating area has ability to accommodate 50 or more. The family for years operated wed thru sat 4:30 to 9:00 pm and opened for special occasions. There is tremendous growth potential to expand hrs and days if this is your goal. The 1300 sq ft 3br, 1ba home next to business is also available for either living or expanding business as well. This sale includes business, equipment and furnishings. This is turn key will many abilities to expand. Appointment only.


  • Area: 21-cocke county
  • Building Exterior: block , wood siding
  • City: newport
  • Financing Terms: tbd
  • Total Sqft: 3274

General information

  • Air Conditioning: central air
  • Associated Document Count: 10
  • Avg Daily Traffic Count: 3000
  • Bldg / Ste #1 Bldg / Ste Dim: 62x42
  • Bldg / Ste #1 Building Age: 1970
  • Bldg / Ste #1 Total Sqft: 3274
  • Documents On File: survey
  • Equipment: fire alarm , furniture / fixtures , machinery included , refrigerator system , sign , sprinkler system , see remarks
  • Gas: natural gas
  • Heating System: central electric
  • Interior Features: extra storage , private bathrooms , see remarks
  • Internet Available: cable , dsl , dial-up , satellite , other
  • Insurance Expense: 3500
  • Loading: delivery door
  • Lot Size: .82
  • Miscellaneous: restrooms , sewer , 220 volt power
  • Possible Use: commercial , current use
  • Parcel: 017.01
  • Property Tax City: 1650
  • Property Tax County: 1485.00
  • Road Access: city street , paved road
  • Roof: other
  • Road Frontage: 280
  • Type Of Business: bar / tavern , food service , other
  • Type Of Zoning: comm
  • Utility Expense: 1000 / mo.
  • Vacant : no
  • Water Supply: public water

    Contact Tony for more information
    Click Here to Text Tony @
    (865) 548-0661


    You can text Tony @ (865) 548-0661