Fatz Cafe | 980 Over Mountain Dr
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Fatz Cafe 980 Over Mountain Dr
5,600 SF Retail Building Elizabethton, TN 37643 $2,350,000 ($420/SF)
Investment Highlights
- WALMART SHADOW ANCHORED LOCATION
- 1.4 ACRE LOT WITH 85 PARKING SPACES
- HIGH TRAFFIC COUNT OF 24,000 VEHICLES PER DAY
Executive Summary
980 Over Mountain Drive is premier retail location sitting directly in front of Walmart with a daily traffic count of over 24,000 vehicles per day. In addition to the high visibility, the property sits on 1.4 acres of land with an existing parking lot featuring 85 parking spaces. There are numerous retail permitted uses, please see the attached zoning regulations for more details.
Taxes & Operating Expenses (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$17,976
|
$3.21
|
| Operating Expenses |
$3,976
|
$0.71
|
| Total Expenses |
$21,952
|
$3.92
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $17,976 |
| Annual Per SF | $3.21 |
| Operating Expenses | |
|---|---|
| Annual | $3,976 |
| Annual Per SF | $0.71 |
| Total Expenses | |
|---|---|
| Annual | $21,952 |
| Annual Per SF | $3.92 |
Property Facts Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built
2006
Price
$2,350,000
Price Per SF
$420
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.40 AC
Zoning
B-2 - B-2 Arterial Business which allows for a number of uses including: hotels, motels, restaurants, offices, auto sales. See attached zoning regs.
Parking
85 Spaces (15.18 Spaces per 1,000 SF Leased)
Frontage
348 FT on Over Mountain Drive
Amenities
- Restaurant
- Signage
- Accent Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 040E-A-007.03 | Total Assessment | $602,720 (2024) |
| Land Assessment | $259,000 (2024) | Annual Taxes | $17,976 ($3.21/SF) |
| Improvements Assessment | $343,720 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
040E-A-007.03
Land Assessment
$259,000 (2024)
Improvements Assessment
$343,720 (2024)
Total Assessment
$602,720 (2024)
Annual Taxes
$17,976 ($3.21/SF)
Tax Year
2023
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Fatz Cafe | 980 Over Mountain Dr
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