390 Cherohala Skyway

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390 Cherohala Skyway

Tellico Plains, TN 37385
Asking Price
$550K
Asset Type
Restaurant Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 390 Cherohala Skyway in Tellico Plains.
  • Property is currently available for sale for 550,000 dollars.
  • Site offers potential for redevelopment within the downtown district.
  • Positioned in a popular gateway to the Cherokee National Forest.
  • Restaurant sub-type supports various commercial dining and hospitality concepts.

What's Special

Establish a culinary destination in the heart of Tellico Plains at 390 Cherohala Skyway. This hospitality asset functions as a restaurant and presents significant development potential for an owner-operator or investor looking to capture the local and tourism-based market. Positioned along a scenic route popular with outdoor enthusiasts, the property benefits from steady traffic flow in a town known for its proximity to the Cherokee National Forest and the Blue Ridge Mountains. The layout supports a variety of dining configurations, allowing for a creative interior approach that serves both the regional community and travelers exploring the surrounding highlands. Whether seeking to renovate an existing concept or repurpose the footprint for a modern establishment, this site offers a strategic footprint within the evolving downtown corridor. The area continues to attract visitors drawn to regional recreation, providing a consistent base for hospitality-driven business ventures in this growing Tennessee submarket.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

Location & Travel Times