Retail Space
920 Tsalagi Road Cherokee, NC 28719
Details & Description
Price: $239,000
    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!
    Additional Photos
    Listing Agents
    Mark Morris

    O: 828-210-3940
    M: 828-674-4350
    markmorris@naibeverly-hanks.com
    Brian Noland

    O: 828-452-5809
    M: 828-734-5201
    bknoland@beverly-hanks.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    920 Tsalagi Road

    Cherokee, NC 28719

    Listing ID: 241125
    • 920 Tsalagi Road Cherokee, NC 28719 | for Sale | Photo 1
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    Building Size: 3,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $79.67
    Land $/SF:
    Price
    $239,000
    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!

    Points of Interest & Demographic Radii

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    Asheville History of Retail Space for Sale

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    Cherokee Area Market Trends

    Listing Demographics for 920 Tsalagi Road Cherokee, NC 28719

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 920 Tsalagi Road in Cherokee?
    The asking price for 920 Tsalagi Road is $239,000
    What is the building size of this Retail property in Cherokee, NC?
    The size of the building/unit at 920 Tsalagi Road in Cherokee is 3,000 square feet
    What kind of Retail is the property at 920 Tsalagi Road?
    The property at 920 Tsalagi Road Cherokee, NC 28719 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 920 Tsalagi Road in Cherokee?
    The population within 1 mile of 920 Tsalagi Road Cherokee, NC 28719 is 443 people.
    Who do I contact for questions about 920 Tsalagi Road?
    You should contact the listing agent, Mark Morris, for any details regarding this commercial listing.

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    Airport Distance (mi) Directions
    Asheville Regional Airport (AVL) 44
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    Greenville Spartanburg International Airport (GSP) 74