www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34471216
34471215

420 East Elk Ave, Elizabethton, TN 37643 For Sale

Lantern Real Estate
Listed by Lantern Real Estate
$375,000
1 day on market
Updated 1 day ago

420 East Elk Ave

Details
APN PID 041F C 009.00
Property Type Retail
Sub Type Restaurant
Tenancy Single
Brand/Tenant Dino's Restaurant
Class C
Year Built 1926
Year Renovated 2025, 2026
Buildings 1
Stories 1
Acreage 0.1 - 0.15
Zoning B 3
Parking Spaces 5 spaces
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Historic Downtown Restaurant | Turnkey Opportunity | Real Estate & Equipment Included

Marketing description

EXCEPTIONAL OPPORTUNITY to own a fully operational, updated restaurant in the heart of Elizabethton's vibrant Historic Downtown District. Positioned at the convergence of three one-way downtown streets, the highly visible corner location has long served as a landmark establishment within the community. Exposure to apprx 10,000 -14,000 traffic count daily. The sale includes the building, all restaurant furnishings, and owned equipment, providing a true turnkey opportunity. Currently home to the iconic Dino's Restaurant, a beloved local institution established in 1963. Purchase of the Dino's business, name, recipes, and branding is available separately for an additional price.

Property Highlights

- Three dining rooms, includes a private events room

- Updated commercial stainless-steel kitchen (2025)

- Updated plumbing and electrical phase3, 220V (2025)

- Gas and electric cooking capabilities - New gas and electric fryers (2025)

- Updated Sprinkler, hood, exhaust, and suppression systems regularly inspected and up to date

- Three maintained electric HVAC units (3-10yrs)

- Two walk-in dry storage rooms

- Private office and dish area

- Two upright freezers and one upright reach-in refrigerator

- $10,000 security system conveys

- ALCOHOL permit is an option

See attached for equipment and furnishings list.. Professional photos coming soon.

Investment highlights

  • Established restaurant location with over 60 years of operating history.
  • Prime downtown corner location with exceptional visibility.
  • Sale includes business furnishings and owned equipment.
  • Updated commercial kitchen with significant 2025 improvements.
  • Flexible B-3 zoning allows a variety of commercial uses.
  • Turnkey opportunity with optional purchase of the Dino's brand and business.

Listing Contacts

Lantern Real Estate
Listed by Lantern Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Ashley Ferlauto
License
TN 361196
Brokerage
Lantern Real Estate
Brokerage Phone
423-512-4050
Title
Broker of Record
Brokerage Address
412 E Elk Ave, Elizabethton TN 37643
Name
Ashley Ferlauto
License
361196
Brokerage
Lantern Real Estate
Brokerage Phone
423-512-4050
Title
Principal Broker
Brokerage Address
412 East Elk Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591