0 Kingston Pike, Farragut, TN 37934
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.