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    920 Tsalagi Road

    Cherokee, NC 28719
    • $239,000
    • STATUS: Active
    • ON SITE: 244 days
    • ID#: 3660976
    UPDATED: 30 min ago
    $239,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $80
      $/SQFT
    Type:
    Commercial
    Built:
    1981
    County:
    Area:

    School Ratings & Info

    Offered by Nai Beverly-Hanks. Copyright 2021 Canopy MLS. All rights reserved.

    Description

    Pizza Inn franchise opportunity - a 40 year family owned & operated full-service restaurant in Cherokee Village! All inventory, equipment & FF&E conveys in this ~3,000 SF, ~150+ seat restaurant. The initial 20-year tribal lease ($21,740 year + 5% tribal lease tax) is up for renewal 12/31/24; tribal lease contains CPI bumps each 5-yr period (current lease rate ~$26,200); $2000 franchise transfer fee, 4% royalties; 7.5% sales tax is pass-through & EBCI owns land and building. Background check & tribal business approval required; use restricted to restaurant; TERO & all applicable laws apply! Best of all...spectacular waterfront deck seating on the Oconaluftee river + walk to Oconaluftee Island Park, shops, eateries & quick drive to the Casino!

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    Based on information submitted to the MLS GRID as of 2021-05-13T17:59:29.91 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Modern Mountain Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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    920 Tsalagi Road Cherokee, NC 28719

    • Price: $239,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 3660976
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,000
    SQFT
    $80
    $/SQFT
    1981
    Built
    County:
    Swain
    Area:
    Cherokee
    Property Description
    Pizza Inn franchise opportunity - a 40 year family owned & operated full-service restaurant in Cherokee Village! All inventory, equipment & FF&E conveys in this ~3,000 SF, ~150+ seat restaurant. The initial 20-year tribal lease ($21,740 year + 5% tribal lease tax) is up for renewal 12/31/24; tribal lease contains CPI bumps each 5-yr period (current lease rate ~$26,200); $2000 franchise transfer fee, 4% royalties; 7.5% sales tax is pass-through & EBCI owns land and building. Background check & tribal business approval required; use restricted to restaurant; TERO & all applicable laws apply! Best of all...spectacular waterfront deck seating on the Oconaluftee river + walk to Oconaluftee Island Park, shops, eateries & quick drive to the Casino!
    Exterior Features

    Other Parking Shared Parking Road Frontage Type City StreetPaved Road Roof Metal Water Body Name Oconaluftee River

    Interior Features

    Accessibility Features 2 Or More Access Exits Building Area Total 3000 Cooling Central Air Flooring See Remarks Foundation Details Slab Heating CentralElectric Stories Total 1 Utilities City SewerCity WaterCommunity SewerElectricity AvailablePropaneTelephone On-Site

    Property Features

    Inclusions BusinessEquipmentFixturesInventory Listing Terms CashGround LeaseLease PurchaseOther New Construction YN No Property Sub Type Commercial Special Listing Conditions Fractional OwnershipThird Party ApprovalSubject To Lease Structure Type Food Service Tax Assessed Value 999



    Based on information submitted to the MLS GRID as of 2021-05-13T17:59:29.91 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Modern Mountain Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

    Digital Millennium Copyright Act
     
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    Modern Mountain Real Estate
    802 Fairview Rd, Ste. 4000
    Asheville NC, 28803
    Offered by Nai Beverly-Hanks. Copyright 2021 Canopy MLS. All rights reserved.