1502 N Main Ave AVE, Erwin, TN 37650
1502 N Main Ave AVE, Erwin, TN 37650
1502 N Main Ave AVE, Erwin, TN 37650
1502 N Main Ave AVE, Erwin, TN 37650
1502 N Main Ave AVE, Erwin, TN 37650
1502 N Main Ave AVE, Erwin, TN 37650
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$ 850,000
Est. payment | /mo

2,686 SqFt


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$ 850,000
Est. payment | /mo
Save

2,686 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,686 sqft

Price per Sqft $316

MLS Listing ID 9988252

HOA Y/N No

Total Fin. Sqft 2686

Year Built 1996

Lot Size 1.290 Acres

Acres 1.29

Lot Dimensions +/- 1.29 acres

Source Tennessee/Virginia Regional MLS

Property Description

This is a rare opportunity to acquire a highly visible commercial property at a strategic location near an interstate interchange in growing Erwin, Tennessee. Positioned on 1.29 acres adjacent to a busy gas station and convenience stop frequented by both travelers and local residents, this 2,686-square-foot building offers exceptional accessibility, exposure, and long-term business potential.

The property has been home to Clarence's Drive-In, a well-known local landmark with strong community recognition and an established destination presence. However, the true value extends far beyond its history. The site presents a unique opportunity for an owner-user, franchise operator, investor, or developer seeking a location with built-in traffic and strong visibility.

The existing layout accommodates approximately 90 indoor guests, includes outdoor seating, and offers the potential for drive-through service -- creating flexibility for a variety of future concepts. Whether envisioned as a restaurant, coffee concept, fast casual operation, retail destination, specialty food venue, convenience-oriented business, or other commercial use, this property is positioned to capitalize on consistent local and pass-through traffic.

Located just moments from the interstate, the site benefits from the kind of convenience business owners actively seek, easy ingress and egress, strong visibility, and proximity to an established fuel stop that naturally attracts customers.

Property is offered at $850,000 for the real estate only, with the opportunity to purchase the operating restaurant business, equipment, and goodwill for an additional $150,000.

Location

State TN

County Unicoi

Area 1.29

Zoning Business

Direction Exit 36 off highway 26, straight to main street. Restaurant directly across from stop light.

Interior

Heating Central

Cooling Central Air

Equipment See Remarks

Heat Source Central

Exterior

Roof Type See Remarks

Road Frontage See Remarks

Building

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 024 006.11

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Listed by Bryan Sangid • The Elite Team Agency

Schools and Properties Nearby

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Jay Cottrell

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1502 N Main Ave AVE