Undisclosed Morristown, TN 37814
- Retail properties
- 12,040 SF
- 2.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Undisclosed
- Year built
- 1984
- Lot size
- 2.07 lot acres
- Property size
- 12,040 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional opportunity presents a thriving, established boat dealership in Morristown, Tennessee, ideally situated for optimal customer access near multiple lakes. The property includes two buildings totaling 12,040 square feet on a 2.07-acre lot, boasting high visibility at a signalized intersection with over 17,000 average daily traffic counts on a four-lane highway. Built in 1984, this single-story, 100% occupied storefront enjoys B3 zoning, offering flexible use potential. The business boasts a strong 10+ year track record, averaging $4.8 million in gross sales and $320,000 in seller discretionary income. Included in the sale are the real estate, new and used boat inventory valued at $1.8 million, parts inventory valued at $400,000, and all key personnel. The dealership benefits from a well-established customer base, repeat and referral business, multiple revenue streams, and a highly regarded service and repair department, including a master technician. The current owners are willing to provide transitional training to new management. The asking price is $3,200,000, reflecting a price per square foot of $265.78. All information is deemed reliable but subject to buyer verification. This turnkey operation presents tremendous growth potential, attracting customers from Tennessee, North Carolina, and Kentucky. The property's prime location and strong brand awareness, amplified by a vibrant tournament schedule, create a unique opportunity for continued success.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.2803
- Latitude
- 36.2567
