Former BP Gas Station / Convenience Store New Market TN

Business Opportunity for Sale
Catylist Listing ID: 30706293
Property Subtypes: Auto Related
Building Size (RSF): See Agent
Sale Price: $625,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 4/19/2021

Overview / Comments

RARE OPPORTUNITY....Prime Location on State Hwy. 11E in New Market TN....Private Owner Owned and Operated a Profitable Gas Station / Convenience Store at this Location...….Now it's your turn to make your dreams become a reality! Store was Originally Built in 1968 and Began Operation as an Exxon Service Center. Building of Solid Masonry Block Construction 29LF X 72LF. Facilities in Overall Good Condition Light Renovation and Repairs Necessary to Building Structure with Replacement of Fuel Dispensing Equipment and Re-certification to Begin Operations. Store has not been in operation as a Gas Station for 12 Years. Last Three Years of Operation Annual Gross Receipts Averaged $1,750,000.00. Location Dispensed an Average of 800,00USGal of Fuel per Year. Adjacent 12' X 16' Office Bld. w/Restroom is Included on Property. All In Ground Fuel Tanks were replaced and a Leak Proof Detection System was Installed in 1999. (1) 10,000USGal In Ground Fuel Tank (2) 5,000USGal In Ground Fuel Tank (1) 2000USGal Above Ground Kerosene Tank in Rear of Bld. (1) Above Ground Waste Oil Tank in Rear of Bld. Annual Traffic Count Along Highway 11-E Old AJ Highway W, East of New Market @ Station #25 is 19,869, West of New Market @ Station #27 is 14,640. Data Taken from 2020 Annual State of Tennessee, Department of Transportation Map of Jefferson County TN Website, Buyer's are Responsible to Verify and Update Data to Meet Their Satisfaction Prior to Closing / Purchase of Property. Special Traffic Routing Note: Directly in Front of Property Along Highway 11-E Old AJ Highway W, there is a Crossover in the Median of the Highway Between the East / West Lanes, which allows Easy Access to / from Property in Any Direction as well as Access Via Minnis Street Since Gas Station is Located on a Corner Street. See Aerial Picture of the Property.

Additional Details

Nearest MSA: Morristown
County: Jefferson
Industry Segment: Gas Station
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,747 17,169
Median Age: 41.59 36.9
Households: 2,633 6,453

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