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Burlin Allen
Broker / Re/Max Between The Lakes
893 Hwy 11E
Jefferson City TN 37760
865-621-1776 Cell
865-475-7400 Office
1-866-277-4070 Fax

Co-Listing Agent:
Darrin Breeden
(C) (865) 607-9043
Co-Listing Office:
RE/MAX Between the Lakes
Listing Tools
Listing Details
MLS Number: 585557
Property Status: A
Property Type: Other Commercial
List Price: $399,000
Street #: 555
Direction:  
Street Name: Morrell Springs
City: Newport
State: TN
Zip Code: 37821
City Limits: No
Address 2:  
County: Cocke
Lot/Tract #: pt 50
Unit:  
Lot Dimensions (Fr/L/Bk/R): .82
Road Frontage: 280
Type of Zoning: comm
Apx Total SqFt: 3274
Baths: 5
Auction: No
Auction Date:  
Bldg or Suite 1 Dimensions: 62x42
Bldg or Suite 2 Dimensions:  
Bldg or Suite 3 Dimensions:  
Bldg or Suite 1 Lease Rate: $0.00
Bldg or Suite 2 Lease Rate: $0.00
Bldg or Suite 3 Lease Rate: $0.00
Bldg or Suite 1 CAM Rate:  
Bldg or Suite 2 CAM Rate:  
Bldg or Suite 3 CAM Rate:  
Bldg or Suite 1 Total SqFt: 3274
Bldg or Suite 2 Total SqFt: 0
Bldg or Suite 3 Total SqFt: 0
Bldg or Suite 1 Warehouse SqFt: 0
Bldg or Suite 2 Warehouse SqFt: 0
Bldg or Suite 3 Warehouse SqFt: 0
Bldg or Suite 1 Manufacturing SqFt: 0
Bldg or Suite 2 Manufacturing SqFt: 0
Bldg or Suite 3 Manufacturing SqFt: 0
Bldg or Suite 1 Office SqFt: 0
Bldg or Suite 2 Office SqFt: 0
Bldg or Suite 3 Office SqFt: 0
Bldg or Suite 1 Retail SqFt: 0
Bldg or Suite 2 Retail SqFt: 0
Bldg or Suite 3 Retail SqFt: 0
Bldg or Suite 1 Ceiling Height Max:  
Bldg or Suite 2 Ceiling Height Max:  
Bldg or Suite 3 Ceiling Height Max:  
Bldg or Suite 1 Ceiling Height Min:  
Bldg or Suite 2 Ceiling Height Min:  
Bldg or Suite 3 Ceiling Height Min:  
Bldg or Suite 1 Dock Doors:  
Bldg or Suite 2 Dock Doors:  
Bldg or Suite 3 Dock Doors:  
Bldg or Suite 1 Drive-In Doors:  
Bldg or Suite 2 Drive-In Doors:  
Bldg or Suite 3 Drive-In Doors:  
Bldg or Suite 1 Age: 1970
Bldg or Suite 2 Age:  
Bldg or Suite 3 Age:  
Directions: NEWPORT: EXIT OFF I-40 (EXIT 435) NORTH ON HWY 321 (COSBY HWY) TOWARDS TOWN, RIGHT ON HERITAGE BLVD, LEFT ON MURRELL SPRINGS, ON LEFT JUST BEFORE ENTERING TOWN.
Air Conditioning: Central Air, Combination, Heat Pump
Building Exterior: Block, Wood Siding
Documents on File: Survey
Gas Details: Natural Gas
Heating System: Central Electric, Central Gas, Combination
Internet Available: Cable, Other
Loading: Delivery Door, Ground Level Door
Miscellaneous: See Remarks
Parking Features: 25+ Spaces
Road Access: City Street, See Remarks
Roof: Composition, Flat
Sewer: Connected
Style/Building: Freestanding, See Remarks
Type of Business: Restaurant, Bar/Tavern/Lounge, Food & Beverage, Dental, Medical, Retail, Other
Utilities Rentals: See Remarks
Water Supply: Public
Remarks: 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 along with 35K worth of Capital Improvements to include a brand new 12x8 walk in cooler, 8x6 walk in freezer and large dry storage area off the kitchen prep area. Recently the owners added an outside seating area along Earls Creek with its own rest rooms for those larger gathering events of just sit and relax next to the creek and watch a ballgame. 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 with many abilities to expand. Appointment only. For additional views please use the following links: https://youtu.be/5fV5DYUsBRA https://www.youtube.com/watch?v=BZlblt7oK4w&authuser=0