Special Purpose for Sale
Sale Pending/Contingent
Catylist Listing ID: 30756872
Status: Pending/Contingent
Building Size (RSF): 11,044 SF
Gross Building Area: See Agent
Gross Land Area: 41,847 SF
Sale Price: $765,000
Property Use Type: Investment, Business
Usable Size (USF): 11,044 SF
Sale Terms: Cash to Seller
Last Updated: 8/3/2022

Overview / Comments

Established coin laundry and income producing property available. There are 31 dryers and 30 washers included. Property consists of an established coin laundry business, and adjoining space with living room, two bedrooms, an office, and bathroom with stand-up shower. There is a full basement which is leased to an additional tenant.

Purchase includes the laundry business, with annual sales of $230,988.


Finance Data Year 2021
Real Estate Taxes - Annual($) $6,320 (Annual)
Potential Rental Income $71,875 (Annual)
Net Operating Income $50,243 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Laundry Room
Is Renting? Yes
Annual Revenue $230,988 (Annual)
Current Rent $36,000 PSF (Annual)
Tenant Business Name Fence Company
Current Rent $24,000 PSF (Annual)

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 071PD004
Property Visibility: Excellent
Largest Nearby Street: Asheville Highway
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1969
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Parking lot is in good condition
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 071PD004 135076

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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


Photograph of Listing Agent

Kay McIntire

Photograph of Listing Agent

Aimee Muse

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