Gas Station/Convenience Store in Tellico Plains, TN

Retail-Commercial for Sale
Catylist Listing ID: 30554663
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station
Building Size (RSF): 3,584 SF
Gross Building Area: See Agent
Gross Land Area: 2.67 Acres
Sale Price: $635,000
Unit Price: $177.18 PSF
Property Use Type: Business
Building Name: Williams Mart
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/15/2022

Overview / Comments

Profitable Business Located in Historic Coker Creek. Located on Highway 68 running through the Cherokee National Forest. Business has Deli, Market, Service Station with new gas pumps. Also has above ground Kerosene and Diesel Tanks. Store has new pole sign and canopy. Several new additions with built in eating booths, new front porch roof. 4 new freezers have been added with new deli refrigerator, new shelving in kitchen, walk-in cooler and office. New tables and chairs for deli. Upstairs are 2 apartments appox 800 sq.ft each with appliances, washer and dryer, both are currently rented. 4 heat and air units, with ADT security system. Deli is heath code compliant, beautiful setting with full view of the Unicoi Mtn range, traffic count is average 2000 per day, Property and building have value with the location on highway 68.

Great opportunity for northbound traffic, 60% of sales are for fuel. Property has lots of room for expansion or an additional business.

Financials

Finance Data Year 2021
Potential Rental Income $15,000 (Annual)
Gross Operating Income $425,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Monroe
Submarket Type: Historic District
Tax ID/APN: 062177 09402
Zoning: NONE
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Knoxville and Chattanooga
Property Visibility: Excellent
Largest Nearby Street: highway 68
Feet of Frontage: 754
Traffic/Vehicle Count: 2,000
Airports: Knoxville/Chattanooga
Site Description: Level acreage, with room to build an additional building/business.
Area Description: We are located in the beautiful and historic Coker Creek, the gateway to the Cherokee National Forest. Our area has stunning mountains and flowing streams, plentiful wildlife for everyone’s enjoyment. We have the pleasure of camping, hiking, fishing, and hunting. We are fortunate to experience all four seasons here in East Tennessee. Heritage. The Coker Creek community is completely surrounded by the Cherokee National Forest in a beautiful and serene corner of Southeast Tennessee, within two miles of the North Carolina border. The beautiful mountains are laced with rhododendron, laurel, ferns and the many species of trees native to this area
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1999
Year Renovated: 2015
Construction/Siding: Vinyl Siding
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: Fully stocked convenience store, inventory is included.
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,507 3,609
Median Age: 44.83 44.6
Households: 619 1,481

Contact

Photograph of Listing Agent

Melissa Wiseman

Tellico Mountain Realty KAAR CIE Member
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