INCOME PRODUCING PROPERTY

Special Purpose for Sale
Catylist Listing ID: 30756872
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: 9/9/2021

Overview / Comments

Established coin laundry and income producing property available. Property consists of an established coin laundry business, vacant space that could be rented as an office, and an additional tenant located on the lower floor.

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

Financials

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 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

Contact

Photograph of Listing Agent

Kay McIntire

Holrob KAAR CIE Member
Photograph of Listing Agent

Aimee Muse

Holrob KAAR CIE Member
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