13734 Hwy 28 Whitwell, TN 37397-5364
This meticulously remodeled 620 sq ft retail building, situated on a 0.57-acre lot at 13734 Highway 28 in Whitwell, Tennessee, presents a unique investment opportunity. Previously a boutique, the property currently operates as a thriving tanning salon and spa, offering immediate income potential. A complete renovation, from foundation to finish, included new paint, fixtures, plumbing, electrical systems, sheetrock, and flooring. Two new split heat and air units, installed just a year and a half ago, ensure efficient climate control. Exterior improvements include new vinyl siding and a one-year-old roof and gutters, minimizing future maintenance needs. The interior layout is flexible and adaptable. The rear of the building houses two 32-bulb Heartland brand tanning beds with exhaust fans, a 52-bulb s9-minute stand-up tanning unit, a Versa Spa sunless spray tanning booth, an Aspen spa capsule with heat, massage, and aromatherapy features, a teeth whitening room, and dedicated salon and nail service areas. These additional spaces offer significant potential for rental income or expansion of existing services. The property's central location on the main highway in Whitwell ensures high visibility and accessibility. This turnkey operation comes complete with an established clientele, making it an ideal acquisition for an entrepreneur seeking immediate returns and growth potential. The asking price is $275,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.