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370 TN-304 2,400 SF 100% Leased Retail Building Decatur, TN 37322 $869,900 ($362.46/SF) 1.38% Cap Rate

Investment Highlights
- Established sports bar and grill with a loyal customer base and strong local presence.
- Features 400-amp electrical service, updated wiring, and upgraded plumbing for operational readiness.
- Situated near Watts Bar Lake, leveraging recreational traffic and community demand.
- Fully equipped kitchen and bar with complete inventory and security system included in sale.
- Offers income-producing apartments totaling 1,680 square feet, with one currently leased at $1,000 per month.
Executive Summary
Turn-Key Investment Opportunity - Established Sports Bar & Grill, General Store & Income-Producing Apartment Near Watts Bar Lake Have you ever dreamed of owning a thriving sports bar in East Tennessee? Here's your chance. Pleasure Isle has been a beloved community destination for more than 20 years and was recently revitalized into a successful sports bar, restaurant, and local gathering place. Located near beautiful Watts Bar Lake, this fully operational business is being offered as a true turn-key opportunity, including equipment, inventory, and additional income-producing living quarters. The 2,400-square-foot commercial building features a fully equipped sports bar, kitchen, general store, indoor and outdoor seating, updated electrical and plumbing systems, security system, paved parking, and multiple coolers and food service stations. Everything needed to continue operations is included, allowing a new owner to step in and start generating revenue immediately. Adding to the value are two detached apartment units totaling 1,680 square feet. One finished 2-bedroom, 1-bath apartment is currently rented for $1,000 per month, providing immediate rental income, while the second unit offers additional storage or future renovation potential. Property Highlights: Established sports bar and grill with loyal customer base General store and retail component Prime location near Watts Bar Lake 2,400 SF commercial building Fully equipped kitchen and bar included Updated wiring, plumbing, and 400-amp electrical service Indoor and outdoor seating areas Security system and paved parking Additional detached apartment currently generating $1,000/month Inventory included Turn-key operation ready for immediate ownership Whether you're an investor, entrepreneur, or owner-operator seeking a live-work opportunity, Pleasure Isle offers multiple income streams and significant upside potential in one of East Tennessee's most desirable recreational areas.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1973
Price
$869,900
Price Per SF
$362.46
Cap Rate
1.38%
NOI
$12,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Opportunity Zone
Yes
Parking
5 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042C-B-010.01 | Improvements Assessment | $27,800 |
| Land Assessment | $11,600 | Total Assessment | $39,400 |
Property Taxes
Parcel Number
042C-B-010.01
Land Assessment
$11,600
Improvements Assessment
$27,800
Total Assessment
$39,400
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370 TN-304
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