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Property profile & analytics
OFF-MARKET
Commercial real estate

101 Old S Church St Mountain City, TN 37683-2500

3,000 SF 1.47 ac lot Built 2016
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-2682527
Property summary
AI-generated overview

This exceptional opportunity presents a turnkey 3,000 sq ft gym in Mountain City, TN, built in 2016. Located on 2.3 acres at 101 Old South Church St, this single-story facility boasts a spacious layout ideal for diverse fitness activities, including cardio, strength training, and group classes. The gym is fully equipped with various machines and free weights, and offers 24-hour access. It's known for its clean, safe, and family-friendly environment, and benefits from a loyal member base cultivated since 2009. Situated in a picturesque Appalachian Mountain setting, this business enjoys high visibility and convenient access from major roads. The current owner is willing to assist with the transition, and the existing staff is eager to continue their employment. This presents a unique chance to acquire a profitable, established business with significant land, offering potential for future expansion. The asking price is $525,000, representing $175 per square foot. Don't miss this chance to own a thriving fitness center in a beautiful, welcoming community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2016
Total area 3,000 SF
Lot 1.47 ac (64,033 SF)
APN 046048 18300
UPID US80-2682527
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
Current use
Occupant on record · Public records
  • Mountain Fitness LLC Gym & Fitness Center
  • Carriage House Home Decor Store (Bike/Boat/Book/etc) Store
  • Mountain City antiques and collectibles Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael Downey · 11 yrs held
Michael Downey
since 2015
4 recorded transactions
2016
Price N/A
2015
$50,000
2005
$14,600
2005
$29,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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