Skip To Content

    1435 Highway 139

    Dandridge, TN 37725
    • $2,100,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 9921615
    UPDATED: 63 min ago
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    It is not everyday that an opportunity like this presents itself. Douglas Lake in beautiful East TN has very minimal options as far as restaurants accessible via the waterway and this one just happens to be for sale. The current owners are trying to decide what their next step in life will be and for now the decision is to continue operating until the property sells. This is such a unique property that it will be best just to list off everything that is included with the sale of the eight parcels: 1. Fire Lake Grill (formerly Cowboy's Restaurant) is a 4,802 square feet restaurant with capacity of 135 people inside and 75 more people outside including a newly renovated tiki bar area. 2. The first standalone home is 1,224 square feet and rented for $1,200 per month totaling $14,400* per year 3. The second standalone home is 1,982 square feet and rented for $1,500 per month totaling $18,000* per year 4. There is a motel consisting of 6 units. They currently rent them by the month. They charge $975 per month but that includes utilities. They have in the past rented them for $475 per week and/or $80 per day. $975/month = $70,200* per year $475/week = $148,200* per year $80/day = $175,200* per year 5. There are 48 boat slips that are leased out at $875 per year totaling $42,000 and then the third dock is actually used for restaurant parking (the red one) *Total gross income based on facts and figures provided by sellers If you don't have a desire to run a restaurant but need to invest some capital there have been offers in the past to rent the restaurant for up to $6,000 per month. If every item here was rented in a monthly capacity that would total $216,600 in gross rental income. The options for a total teardown and construction of new homes or condos have been discussed, as well as a full functional marina. However this would all hinge on approval from the Jefferson County Zoning and Planning Commissions. Aerial Photography used in some photos

    Monthly Payment Calculator



    © 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-06-18T21:59:49.723.
    www.reddooragency.com/homes/116555359
    Print Image

    1435 Highway 139 Dandridge, TN 37725

    • Price: $2,100,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 9921615
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    Out Of Area
    County:
    Jefferson
    Area:
    Out Of Area
    Property Description
    It is not everyday that an opportunity like this presents itself. Douglas Lake in beautiful East TN has very minimal options as far as restaurants accessible via the waterway and this one just happens to be for sale. The current owners are trying to decide what their next step in life will be and for now the decision is to continue operating until the property sells. This is such a unique property that it will be best just to list off everything that is included with the sale of the eight parcels: 1. Fire Lake Grill (formerly Cowboy's Restaurant) is a 4,802 square feet restaurant with capacity of 135 people inside and 75 more people outside including a newly renovated tiki bar area. 2. The first standalone home is 1,224 square feet and rented for $1,200 per month totaling $14,400* per year 3. The second standalone home is 1,982 square feet and rented for $1,500 per month totaling $18,000* per year 4. There is a motel consisting of 6 units. They currently rent them by the month. They charge $975 per month but that includes utilities. They have in the past rented them for $475 per week and/or $80 per day. $975/month = $70,200* per year $475/week = $148,200* per year $80/day = $175,200* per year 5. There are 48 boat slips that are leased out at $875 per year totaling $42,000 and then the third dock is actually used for restaurant parking (the red one) *Total gross income based on facts and figures provided by sellers If you don't have a desire to run a restaurant but need to invest some capital there have been offers in the past to rent the restaurant for up to $6,000 per month. If every item here was rented in a monthly capacity that would total $216,600 in gross rental income. The options for a total teardown and construction of new homes or condos have been discussed, as well as a full functional marina. However this would all hinge on approval from the Jefferson County Zoning and Planning Commissions. Aerial Photography used in some photos
    Exterior Features

    Exterior Finish Vinyl SidingWood Siding Lot Size Irr Road Access County Road Roof Shingle

    Interior Features

    Ac Heat Pump Heating ElectricHeat Pump Total Sqft Finished 0.00 Total Sqft Unfinished 0.00

    Property Features

    Annual Lease Amount 0.00 Auction No Business Type Hotel/MotelRestaurant City Taxes 0.00 County Taxes 0.00 Development Status Finished Lot(S)Other Electric Service Other Financing CashConventional Foreclosure No Info Available Other Other Equipment Other Restrictions Other Sale Includes Business Only Sewer Public Sewer Short Sale No Water Public Zoning C-1

    Listing information © 2021 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Mark Jackson of Jackson Real Estate & Auction.



    © 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-06-18T21:59:49.723.
     
    https://bt-photos.global.ssl.fastly.net/netar/orig_boomver_1_9921615-2.jpg https://bt-photos.global.ssl.fastly.net/netar/orig_boomver_1_9921615-2.jpg https://bt-photos.global.ssl.fastly.net/netar/orig_boomver_1_9921615-2.jpg
    Logo
    Red Door Agency
    136 W Main St
    Kingport TN, 37660