Hwy 27 and I 40 Interchange, Harriman, TN 37748

Property Description

158 Acres includes: 1.2 acres commercial lot with 240 ft road frontage. . lot has a 50 ft non-exclusive deeded easement across the front of Shoney's parking lot providing excellent access to this property 1.2 acres revenue generating parking lot for Cracker Barrel Restrurant. New lease 9/23 . guaranteed income for 10 years with 4--5 year options. Monthlly rent the first 5 years $2728 for the 2nd 5 years $2728. Lease extension options rent: $3069, $3453, $3884 and $4370 creating a possible 30 year possible cash flow. 156 Acres raw wooded mountainous land. Million dollar views from the top. Could be developed for home sites, ATV recreation, hunting. Was 33% selectively logged leaving paths on the property. A large billboard is available on this property, currently not used. Zoning Codes: C-2 and O-S Commercial/Farm Cracker Barrel is responsible for all maintence and taxes on the parking lot. Total property taxes 2022..$2237