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    Retail properties & Spaces

    0 Undisclosed, Morristown, TN 37814

    12,040 SF 2.07 ac lot Built 1984
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1984
    Total area 12,040 SF
    Lot 2.07 ac (90,169 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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