This Property is no longer advertised on Showcase.com.
Off Market
1/13

32692 SR 108
Gruetli Laager, TN 37339


OVERVIEW

Sellers are willing to do a lease-purchase for 25% down payment! Buyer only needs to bring about $75,000 to secure the property! Bank financing also available! Let us know when you would like to visit and the seller can open the store for you! 1 acre of land with a 3,600 sq ft building located in Palmer, TN about 50 mins from Chattanooga, TN! Only store in the immediate area with a beer license! All other stores in the immediate area are located too close to churches to be able to sell beer! Huge advantage over the competition! Store has a fryer, big stove, 6-foot hood, 2 pizza ovens, and 3 deep freezers! Brand new 8-door walkin cooler! Interior is clean with substantial parking space! Seller is too far away to manage the store. Store shutdown last August 2019, because tenant did not have proper working capital or retail experience to run the store. Buyer can get a lottery license and substantially increase sales! If interested in converting to a gas station, one jobber is interested in putting the pumps and canopy. Buyer will need to pay $150,000 to $200,000 for the underground storage tank purchase and installation. Asking Price for Property only $299,000! Lease Purchase Available for only $75,000 Down!

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

3600

STORIES

1

YEAR BUILT

2012

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

061-047.08