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    OFF-MARKET
    Retail properties & Spaces

    0 Kingston Pike, Farragut, TN 37934

    4,220 SF 1.67 ac lot Built 1946
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 4,220 square foot storefront located at 0 Kingston Pike, Farragut, TN 37934. Situated on a 1.67-acre lot, this single-story building, constructed in 1946 and renovated in 1960, boasts a prime location at a busy West Knoxville intersection. Currently operating as a successful, long-standing laundry and dry cleaning business since 1990, this turnkey operation includes all equipment, branding, and infrastructure. The asking price is $1,549,000, translating to $367.06 per square foot. The property benefits from high visibility and strong demographics, with numerous national and local retailers nearby, including Costco, Walmart, Target, and more. This presents a unique chance for an existing operator to expand or a new owner to capitalize on a proven business model in a thriving market. Knoxville's robust real estate demand makes this a compelling investment. The business is currently in active operation

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1946
    Total area 4,220 SF
    Lot 1.67 ac (72,745 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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