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555 Morrell Springs, Newport, TN 37821

$475,000
Commercial Property MLS# 575848 ID: 48763771
$475,000 Get Rates

Other - Newport, TN
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.

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Location Information near 555 Morrell Springs
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Property Features for 555 Morrell Springs
Status
Market Status
Available
Last Updated
August 13, 2018
Description
Property Type
Commercial Property
Sq. Feet
3,274

Building Features

  • Central Air
  • Heating Fuel: Electric

Exterior Features

  • Exterior Construction: Block; Wood Siding

Interior Features

  • Alarm System

Legal/Financial

  • Taxes: 3135

Listing Features

  • Property Type: Commercial; Other

Data Provided by Lakeway Area Association of Realtors

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Burlin Allen, Jefferson City Real Estate


  • Phone: View Phone Number (865) 621-1776
  • Fax: View Phone Number (865) 475-6060
  • Website: Visit Agent Website

RE/MAX Between the Lakes, Jefferson City TN
  • RE/MAX Between the Lakes
  • Offices in Dandridge & Jefferson City
    Jefferson City, TN 37760


  • Phone: View Phone Number (865) 475-7400
  • Fax: View Phone Number (865) 475-6060

Data Provided by:
Lakeway Area Association of Realtors


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More information about this $475,000 Commercial Property at 555 Morrell Springs

This $475,000 Commercial Property at 555 Morrell Springs in Newport, TN is offered by Burlin Allen. This $475,000 Commercial Property, located in the 37821 zip code, has the following property features: Alarm System, Property Type, Exterior Construction, Central Air. This 555 Morrell Springs Commercial Property, located in Cocke County , is listed under MLS listing number 575848 and has a listing price of $475,000. You can find more of Burlin Allen's listings by browsing Burlin Allen homes for sale at HomesAndLand.com, or even more Newport homes for sale here.