1502 North N Main Ave Avenue
Erwin, TN, 37650 $ 850,000
Bedrooms-- Baths-- Sq 2,686 Monthly Estimate*
$ 5,234
for $850,000. This 2,686 square foot building was built in 1996 on a lot size of 1.29.
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.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Roof See Remarks
Development Status See Remarks
Zoning Business
Construction Materials Brick
Year Built 1996
Electric See Remarks
Business Type Restaurant
County Unicoi
New Construction false
Property Type Commercial Sale
HOA false
Status Active
Directions Exit 36 off highway 26 straight to main street. Restaurant directly across from stop light.
City Erwin
MLS Area 311 - Unicoi County
Lot Size Units Acres
Lot Size Square Feet 56192.4
Property Condition Above Average
MLS Area Minor 311 - Unicoi County
Standard Status Active
Conventional true
Cash true
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Public
Lot Size Area 1.29
Building Area Total 2686
Lot Dimensions +/- 1.29 acres
Lot Size Acres 1.29
Road Frontage Type See Remarks
Other Equipment See Remarks
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* Excluded FeaturesList ByBryan SangidListing Agent
The Elite Team AgencyBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,234
- Monthly Property Taxes
- $599
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Erwin, TN
Average List Price $775,000
Percent of Sale Price 9%
About Erwin, TN 6,197 Population
1% Since 2002
$ 35,014 Median Income
45.06 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/21/2026 | $850,000 | -22.73% | Price Down |
| 2/11/2026 | $1,100,000 | | Listed Price |