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Key Details
Sold Price $634,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,749 sqft
Price per Sqft $133
MLS Listing ID 2608141
Sold Date 05/16/24
Year Built 1950
Lot Size 0.450 Acres
Acres 0.45
Property Description
Unique Live/Work opportunity within Historic Downtown Sewanee Village and steps from the Mountain Goat Trail. Several means of positive cash flow with two, potentially three spaces. The main space has been a successful upscale restaurant for several years and conveys with all restaurant equipment and recently renewed liquor license. It's about as turn key as it gets! Immediately adjoining is a spacious mixed-use area with lofted bedroom and full bath, which could make an incredible retail storefront, artist studio, both or all. A sizable storage building behind is ripe for creative genius - brewery, studio, second apartment, leased storage, etc. There are ample and charming areas around the building for courtyard entertaining & plenty of parking. Anticipated rents: $1200 apt. and $3500 rest. Listing agent must be present to show. Purchase shall be subject to all University of the South Lease polices. Annual lease fee is $1723 currently. Lease #921. Floor plan attached for visual aid.
Location
State TN
County Franklin County
Zoning Commercial
Interior
Fireplace N
Exterior
Waterfront false
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