1017 Parkway

    Gatlinburg, TN 37738
    • $299,000
    • STATUS: Active
    • ON SITE: 177 days
    • ID#: 215183
    UPDATED: 52 min ago
    $299,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,131
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Century 21 Mvp.

    Description

    ESTABLISHED MONEY MAKER in the heart of Gatlinburg. Lease of exiting restaurant facility with accompanying purchase of Pizzeria. $7000/month triple net lease for five years with a five year option to extend. Turn-key Business comes complete with equipment, furnishings, furniture, signage, inventory and much much more. Proven and successful with over $600,000 in recorded sales in 2017. DYNAMIC CAP RATE!! One of the Best Investments in the Smoky's. Current owner will even provide 2 weeks free assistance in the operation and continued management of the restaurant and bar.

    Monthly Payment Calculator

    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Four Seasons Realty, Inc. Information deemed reliable but not guaranteed. Last updated 2018-09-20T11:16:10.763.
    www.smokymountainhomesearch.com/homes/82003792

    1017 Parkway Gatlinburg, TN 37738

    • Price: $299,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 215183
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,131
    SQFT
    $140
    $/SQFT
    1965
    Built
    Neighborhood:
    Oak Square
    County:
    Sevier
    Area:
    Gatlinburg
    Property Description
    ESTABLISHED MONEY MAKER in the heart of Gatlinburg. Lease of exiting restaurant facility with accompanying purchase of Pizzeria. $7000/month triple net lease for five years with a five year option to extend. Turn-key Business comes complete with equipment, furnishings, furniture, signage, inventory and much much more. Proven and successful with over $600,000 in recorded sales in 2017. DYNAMIC CAP RATE!! One of the Best Investments in the Smoky's. Current owner will even provide 2 weeks free assistance in the operation and continued management of the restaurant and bar.
    Exterior Features

    Access City Street Construction Brick Veneer & Other Exterior Features Pole SignSidewalks

    Interior Features

    Basement Outside Entrance Only Heating Electric Furnace Interior Features 220VFixturesFurnitureHandicap AccessHandicap RestroomInside StorageInventoryRestroomsSprinkler Restrooms 2 Rooms 8 Stories Two

    Property Features

    Annual Tax 1273 Business Name Luigi's Pizzeria Commercial Type Leasehold Improved Common Area Maintenance Advertising/MarketingCable TvElectricGasSignageWater/Sewer Common Area Maintenance Per Month 0 Current Use Food Service District 11 Documents On File Equipment ListsFinancial StatementFurniture ListLeasesSeptic Permit Hoa Per Month 0 Lease Option Periods 5/5 Lease Terms Years 5 Lot Block Unit Xx Monthly Lease 7000 Possession At Closing Proposed Financing CashConventionalPossible Owner Restrictive Covenants Yes Sale Or Rent For Sale Services Paid By Tenant Building InsuranceElectricInterior MaintenanceNatural GasReal Estate TaxTrash RemovalWater/Sewer Suitable Use Food Service Tax Year 2016 Utilities Cable TvElectricGasSewerUtility Water Zoning C-1 Zoning Entity Gatlinburg

    Copyright 2018 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2018 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Four Seasons Realty, Inc. Information deemed reliable but not guaranteed. Last updated 2018-09-20T11:16:10.763.
     
    Four Seasons Realty, Inc
    1441 Wiley Oakley Dr.
    Gatlinburg TN, 37738
    Listing courtesy of Century 21 Mvp.