7117 Chapman Highway, Knoxville, TN 37920

$900,000
Property Type: Commercial Sale Square Footage: 2,378 Lot Size (sq. ft.): 72,310 Status: Closed
Current Price: $900,000 List Date: 9/01/2022 Last Modified: 8/23/2024

Overview

Description

Location, Location - S Knoxville is one of the fastest growing areas, and where better to start a business. Traffic count over 36,000 a day. Looking for the opportunity to walk into the restaurant business and open with little effort? This is it. It is all there ready to go. This site and business were very successful for many years, established in 1992. COVID shut it down and now owners are ready to retire. This is located in the county. It sits on 1.66 acres. The building is in good shape, mechanically everything working. There is a maximum occupancy of 115. Currently seats for 83. FFE can be provided by request.

Listing Details MLS# 253706

General Property Information

Number Of Buildings
Yes
Lot Size Acres
1.66
Living Area
2378
Business Name
Bayou Bay Seafood House
Year Built
1971
Bonus Room YN
No
Sign On Property YN
No
List Price/SqFt
630.78
Sold Price/SqFt
378.47

Property Features

Basement: None Building Features: Fixtures; Furniture; Inventory; Restrooms; Storage Business Type: Convenience Store Construction Materials: Block; Brick; Wood Siding Cooling: Central Air Documents Available: Aerial Photo; Equipment List; Furniture List; Lead Based Paint Electric: 220 Volts Heating: Central Levels: One Listing Terms: Cash; Conventional; Fee Simple Improved Other Structures: Outbuilding Parking Features: On Site Possession: Close Of Escrow Possible Use: Medical/Dental; Office; Retail; Other Road Frontage Type: City Street; State Road Security Features: Security System Tenant Pays: Common Area Maintenance; Electricity; Gas; HVAC Maintenance; Insurance; Repairs; Sewer; Taxes; Trash Collection; Water Utilities: Electricity Connected; High Speed Internet Available; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Showing Requirements: Appointment Only; Lockbox; See Remarks

Location Tax and Legal

Street Number
7117
Street Name
Chapman
Street Suffix
Highway
County
Knox
State
TN
Zip Code
37920
Property Sub Type
Other
MLS Area Major
Knoxville
Subdivision Name
Other

Contract Information

Original List Price
1500000
Listing Contract Date
2022-09-01
Owner Name
Cantillo
Occupant Type
Vacant

Remarks and Miscellaneous

Public Remarks
Location, Location - S Knoxville is one of the fastest growing areas, and where better to start a business. Traffic count over 36,000 a day. Looking for the opportunity to walk into the restaurant business and open with little effort? This is it. It is all there ready to go. This site and business were very successful for many years, established in 1992. COVID shut it down and now owners are ready to retire. This is located in the county. It sits on 1.66 acres. The building is in good shape, mechanically everything working. There is a maximum occupancy of 115. Currently seats for 83. FFE can be provided by request.
Directions
Chapman Highway towards Knoxville. Drive past the intersection of John Sevier Highway and aprox. .5 miles to property on the left.

Status Change Information

Major Change Timestamp
2022-10-28T05:39:47Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-28
Purchase Contract Date
2022-09-09
Close Date
2022-10-28
Close Price
900000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
2244, 313

Building Features

Number Of Restrooms
2
Fixtures
Yes
Furniture
Yes
Inventory
Yes
Restrooms
Yes
Storage
Yes

Showing Requirements

Showing Instructions
Text me Agents Name that will be showing, Agency Name, Date and Time for showing request. I will confirm and text you the combo and alarm code. Thank You!
Appointment Only
Yes
Lockbox
Yes
See Remarks
Yes

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
C-1
Zoning Entity
Other
Parcel Number
137 179
Tax Lot
No
Tax Annual Amount
3529.91
Tax Year
2021

Basement

None
Yes

Construction Materials

Block
Yes
Brick
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Documents Available

Aerial Photo
Yes
Equipment List
Yes
Furniture List
Yes
Lead Based Paint
Yes

Electric

220 Volts
Yes

Heating

Central
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Other Structures

Outbuilding
Yes

Parking Features

On Site
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes
State Road
Yes

Security Features

Security System
Yes

Utilities

Electricity Connected
Yes
High Speed Internet Available
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Tenant Pays

Common Area Maintenance
Yes
Electricity
Yes
Gas
Yes
HVAC Maintenance
Yes
Insurance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Possible Use

Medical/Dental
Yes
Office
Yes
Retail
Yes
Other
Yes

Business Type

Convenience Store
Yes
Listing Office: Marty Loveday & Associates Of Seymour
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.