11,000 sq ft Bldg with Business

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30833310
Property Subtypes: Free-Standing Building, Other
Status: Pending
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $380,000
Unit Price: $34.55 PSF
Property Use Type: Business
Sale Terms: Sale/Leaseback
Auction Type: Undisclosed Reserve
Auction License Number: TAL# 6826
Cap Rate: Undisclosed
Last Updated: 2/15/2023

Overview / Comments

Attention all potential investors and business owners! Here is your chance to own an established business with a steady income stream. We are proud to announce the auction of a laundromat located in a prime location.

This laundromat is fully equipped with state-of-the-art machines, including washers and dryers, and provides a clean, safe, and convenient space for customers to do their laundry. With a spacious and well-maintained facility, this laundromat has built a loyal customer base.

This is an excellent opportunity to invest in a turnkey business with a steady income stream. Whether you are a seasoned business owner or a first-time investor, this laundromat is the perfect opportunity to secure a profitable investment. The auction will take place on Tuesday, March 2nd at 12pm and the winning bidder will have the opportunity to take ownership of the business and its assets within 45 days.

Knoxville, TN- This is the one you have been waiting for, 3 income streams. Bottom of the building is currently a rented space including outside storage. Building also has a 2 bedroom apartment that the current owner occupies.

Great street visibility, and a very clean facility. Lots of growth potential.
There are 30 washing machines, 32 Dryers, 3 vending machines, 2 change machines. One boiler is new within the past 3 years. Roof was replaced in the past 10 years.

Current business hours M-Sat 6:00am - 5:00pm Closed on Sunday
Open House Schedule:
Saturday Feb 11th 12-2pm - Saturday Feb 18th 2-4pm - Thursday Feb 23rd 5-7pm
Live and Online Bidding. Live bidding will begin on site Thursday March 2nd at 12:00pm

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $6,320 (Annual)
Tax Value Land $46,700
Tax Value Improvements $298,000
Assessed Value - Total($) $344,700 (Annual)
Potential Rental Income $2,500 (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 071PD004
Zoning: C-G-1
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Asheville Hwy
Feet of Frontage: 171
Traffic/Vehicle Count: 10,000
Highway Access: Located just off Asheville Hwy and just a few minutes from I-40.
Airports: McGhee Tyson Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,000 SF
Property Condition: Good
Year Built: 1969
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: The parking lot is asphalt paved and has lined parking spaces.
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-G-1
Lot Frontage: 171
Lot Depth: 272
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Subdivision Cname Fred Schneider 2nd Addn Mapplatb 13 Mapplatp 74 Dimensions 171.5 X 274.3 X Irr

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,179 41,415 116,084
Median Age: 40.65 39.45 35.51
Households: 1,435 18,228 47,455

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