Catylist ID:
#30833310
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 |
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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