For Sale
$1,200,000

238 Washington StRipley, TN 38063

Turnkey Convenience Store & Gas Station in Ripley, TN

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a thriving Marathon and Little General branded convenience store and gas station located at 238 Washington St, Ripley, Tennessee, 38063. The property, situated on a 0.447-acre lot zoned B2, boasts 2,314 square feet of well-maintained space, completely renovated in 2024. The 100% occupied property features four gas pumps, generating approximately 34,000 gallons of fuel sales monthly. The modern interior and newly added food concept enhance customer experience and drive foot traffic. Benefiting from a strong location with easy access to Highway 51 and proximity to Memphis International Airport (approximately one hour away), this business enjoys high visibility and consistent customer flow from both local residents and travelers. The lack of significant competition in the area further strengthens its market position. This turnkey operation offers a stable and lucrative investment for owner-operators seeking a well-established business in a thriving community. The property's strong performance and strategic location make it an attractive opportunity for immediate returns and long-term growth. This is a rare chance to acquire a profitable and well-regarded business in a desirable market.

Highlights

  • $1,200,000 asking price for a retail property.
  • 2,314 SF convenience store and gas station in Ripley, TN.
  • 100% occupancy with Marathon Gas and Little General brands.
  • Owner/user investment opportunity, recently renovated in 2024.
  • 0.447-acre lot with 4 gas pumps, B2 zoning.

Property Details for 238 Washington St

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,314 SF
Year Renovated
2024
Lot Size (sq. ft)
19,471 SF
Units
1

Location Insight

City
Ripley
County
Lauderdale
State
Tennessee
Latitude
35.743155344922
Longitude
-89.537493548836
238 Washington St, Ripley, Tennessee

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238 Washington St
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