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    238 Washington St Ripley, TN 38063

    Sponsored
    For Sale
    $1,200,000

    Turnkey Convenience Store & Gas Station in Ripley, TN

    Property size:
    2,314 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a thriving Marathon and Little General branded convenience store and gas station located at 238 Washington St, Ripley, Tennessee, 38063. The property, situated on a 0.447-acre lot zoned B2, boasts 2,314 square feet of well-maintained space, completely renovated in 2024. The 100% occupied property features four gas pumps, generating approximately 34,000 gallons of fuel sales monthly. The modern interior and newly added food concept enhance customer experience and drive foot traffic. Benefiting from a strong location with easy access to Highway 51 and proximity to Memphis International Airport (approximately one hour away), this business enjoys high visibility and consistent customer flow from both local residents and travelers. The lack of significant competition in the area further strengthens its market position. This turnkey operation offers a stable and lucrative investment for owner-operators seeking a well-established business in a thriving community. The property's strong performance and strategic location make it an attractive opportunity for immediate returns and long-term growth. This is a rare chance to acquire a profitable and well-regarded business in a desirable market.

    Property Features for 238 Washington St

    General Information

    Property type
    Automotive properties
    Square Feet
    2,314 SF
    Lot Size
    19,471 SF

    Building Details

    Year Renovated
    2024
    Units
    1

    HighLights

    • $1,200,000 asking price for a retail property.
    • 2,314 SF convenience store and gas station in Ripley, TN.
    • 100% occupancy with Marathon Gas and Little General brands.
    • Owner/user investment opportunity, recently renovated in 2024.
    • 0.447‑acre lot with 4 gas pumps, B2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little General 03 Convenience Store Cox Oil Company, ... Gas Station ATM (Little General) Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Lauderdale
    State
    Tennessee
    Longitude
    -89.537493548836
    Latitude
    35.743155344922

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    FAQs

    What type of property is this?
    Automotive property - Turnkey Convenience Store & Gas Station in Ripley, TN
    Where is this automotive property located?
    The property is located at 238 Washington St Ripley, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a retail property.; 2,314 SF convenience store and gas station in Ripley, TN.; 100% occupancy with Marathon Gas and Little General brands.
    Request Owner's contact information
    238 Washington St Ripley, TN 38063
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    238 Washington St Ripley, TN 38063
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