2905 Cherokee Park Rd - Auto Dealership FOR SALE


Morristown, TN 37814
$3,200,000 USD
832-226-3717
2905 Cherokee Park Rd, Morristown, TN for Sale
$3,200,000 USD
Auto Dealership - FOR SALE
1/81
null | Request Cap Rate

2905 Cherokee Park Rd
Morristown, TN 37814


HIGHLIGHTS

  • Turn-Key Business
  • Within 5 Min of Closest Lake and Boat Ramp
  • Available Inventory

OVERVIEW

Looking for a profitable business venture in East TN? Don't miss this one! This well established boat dealership is being offered as a going-concern including the real estate, new and used boat inventory, parts and service inventory, and all key personnel. Strategically positioned within a 50 mile radius to all nearby lakes, this enviable location offers convenience, and easy access for all customers. Showcasing an impressive 10+ year track record, this turn-key operation boasts gross sales averaging $4.8 million, $1.8 million in new and used boat inventory, $400,000 in parts inventory, and averages $320,000 in seller’s discretionary income. Highlighted as a local staple in the community, this successful business provides a quality reputation, established relationships with well-known boat and motor manufacturers, and a finely tuned service and repair department including a master tech on the payroll. Equipped with a vibrant, and well attended, tournament schedule; this opportunity has amplified the brand awareness while creating opportunities to attract new and trade up customers! Offering incredible potential, and upside; this dealership has a renowned sales and service department, high-growth tournament sponsorships, trusted maintenance and repairs for producing repeat business and referrals, and promoting a prime lake location in trophy bass waters. Accompanied with highly desired real estate, this property offers flexible use with B3 zoning, and 12,000+ sqft of useable space situated at a signalized intersection enjoying the high visibility and exposure to 17,000+ ADTC (Average Daily Traffic Count) from the 4 lane highway. Attracting customers from TN, NC, and KY; this rare opportunity has tremendous growth potential and will not last long priced to sell at $3.2 million. Current owners are willing to stay on for a short duration to train new management if desired. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Morristown Boat Dealership

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

undefined, Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

B3

APN/PARCEL ID

017-011.00

ASK ABOUT THIS PROPERTY

Garrett AddingtonThe Addington AgencyMore Info
832-226-3717

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Garrett AddingtonThe Addington AgencyMore Info
832-226-3717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.