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22456 Rhea County Hwy 4,200 SF Retail Building Spring City, TN 37381 $850,000 ($202.38/SF)
Investment Highlights
- Established restaurant property operating as Winston’s American Grill and King of Pizza.
- Within walking distance of Watts Bar Lake and nearby recreational destinations.
- Commercial zoning supports continued restaurant and hospitality-related uses.
- Located along Rhea County Highway with approximately 157 feet of road frontage.
- Features a full-service restaurant layout with bar seating and dining areas.
- On-site parking provides approximately 50 parking spaces for customers and staff.
Executive Summary
FORMER WINSTEAD’S AMERICAN GRILL & KING OF PIZZA
Spring City, Tennessee
Keller Williams Commercial is pleased to present the exclusive offering of a former long-standing, restaurant property located adjacent to the Grand Hotel in Spring City, Tennessee (Rhea County).? Formerly Home to Winstead’s American Grill & King of Pizza, this well-established local favorite operated for over 32 years.?
Strategically positioned along Highway 27, Spring City’s primary commercial corridor, the property directly benefits from a built-in customer base drawn from hotel guests, local residents, and regional workers — including crews from the nearby TVA nuclear facility, General Shale Brickyard, and Huber Engineered Woods.? Its immediate proximity to Watts Bar Lake, Norfolk Southern Railway, and the Grand Hotel (Spring City’s only lakefront hotel) makes it a prime stop for travelers, fishermen, and long-term contractors alike.?
Key Investment Highlights:
• Great annual income potential from a well-established restaurant location
• Former home to Winstead’s American Grill & King of Pizza, serving the community for over 32 years
• Adjacent to the Grand Hotel, a consistent source of guest traffic year-round
• High-visibility location along Highway 27, with excellent accessibility and parking
• Walkable to nearby businesses, a 24-hour convenience store, and residential neighborhoods
• Located in a community experiencing steady residential and industrial growth, including a planned 50+ unit single-family housing development nearby
This is a rare opportunity to acquire a perfectly positioned 'ready-to-go' restaurant space for an owner/operator or an investment opportunity.? Whether purchased as a standalone investment or packaged with the Grand Hotel, this offering represents a strong addition to any portfolio.?
* RESTAURANT CAN BE PURCHASED ALONG WITH ADJACENT GRAND HOTEL LISTING (PARCEL 031I J 005.00) OR PURCHASED SEPARATELY.
Spring City, Tennessee
Keller Williams Commercial is pleased to present the exclusive offering of a former long-standing, restaurant property located adjacent to the Grand Hotel in Spring City, Tennessee (Rhea County).? Formerly Home to Winstead’s American Grill & King of Pizza, this well-established local favorite operated for over 32 years.?
Strategically positioned along Highway 27, Spring City’s primary commercial corridor, the property directly benefits from a built-in customer base drawn from hotel guests, local residents, and regional workers — including crews from the nearby TVA nuclear facility, General Shale Brickyard, and Huber Engineered Woods.? Its immediate proximity to Watts Bar Lake, Norfolk Southern Railway, and the Grand Hotel (Spring City’s only lakefront hotel) makes it a prime stop for travelers, fishermen, and long-term contractors alike.?
Key Investment Highlights:
• Great annual income potential from a well-established restaurant location
• Former home to Winstead’s American Grill & King of Pizza, serving the community for over 32 years
• Adjacent to the Grand Hotel, a consistent source of guest traffic year-round
• High-visibility location along Highway 27, with excellent accessibility and parking
• Walkable to nearby businesses, a 24-hour convenience store, and residential neighborhoods
• Located in a community experiencing steady residential and industrial growth, including a planned 50+ unit single-family housing development nearby
This is a rare opportunity to acquire a perfectly positioned 'ready-to-go' restaurant space for an owner/operator or an investment opportunity.? Whether purchased as a standalone investment or packaged with the Grand Hotel, this offering represents a strong addition to any portfolio.?
* RESTAURANT CAN BE PURCHASED ALONG WITH ADJACENT GRAND HOTEL LISTING (PARCEL 031I J 005.00) OR PURCHASED SEPARATELY.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
2009/2023
Price
$850,000
Price Per SF
$202.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.76 AC
Zoning
C - Commercial Zoning
Parking
50 Spaces (11.9 Spaces per 1,000 SF Leased)
Frontage
157’ on Rhea County Highway
Amenities
- Restaurant
- Wheelchair Accessible
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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22456 Rhea County Hwy