407 E Gore Ave - Restaurant FOR SALE


Gainesboro, TN 38562
$500,000 USD
615-631-0910
407 E Gore Ave, Gainesboro, TN for Sale
$500,000 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

407 E Gore Ave
Gainesboro, TN 38562


HIGHLIGHTS

  • Selling below replacement cost!
  • Motivated Seller! Bring all offers!
  • Gainesboro gentrifying - get in before the boutique hotel opens!

OVERVIEW

Building is stabilized and ready for new owner! Great bones with steel I-beams, brick over block construction, and concrete floors. Roof repaired and building is dry. 6,925 sq ft on main and 2nd level. 4,654 sq ft on basement level with 2 garage doors for a shop, warehouse, HVAC, plumbing, roofing, construction company or additional covered parking. 13 lined parking spaces with street parking available on E Gore Ave. Walking distance to square with restaurants and retail shops. Close to Hwy 56 with 5,000 cars per day and E Hull Ave with 2,500. Owner agent is willing to lease the property but would prefer a straight sale. Zoning allows retail, restaurant, commercial kitchen, office, church, gym, light industrial under 10 employees, storage. Residential multifamily possible; would require sign off from Metro Nashville fire marshal with stamped construction plans. Opportunity to position your business before the boutique hotel opens on the square. Ultra high speed internet available.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C-2

APN/PARCEL ID

051I-F-003.00

ASK ABOUT THIS PROPERTY

Elliott HallumReliant Realty - ERA PoweredMore Info
615-631-0910

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Elliott HallumReliant Realty - ERA PoweredMore Info
615-631-0910

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.