Commercial ()

1502 North N Main Ave Ave, Erwin, TN 37650

Price: $850,000 Price Per ft²: $316.46 List Date: 2025-11-13 DOM: 238
City Tax: $2,679 County Tax: $4,509

Year Built: 1996

Finished Area: 2,686 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 2,686 ft² (Finished & Unfinished)

Lot Size: 1.29 acre(s) Lot Dimensions: +/- 1.29 acres

Heating: Central Cooling: Central Air Water & Sewage: Public

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.