1216 Broadway StLenoir City, TN 37771

Property Details for 1216 Broadway St

Lot size

0.13 AC

Zone code

C-3

Property type

Other commercial real estate

APN

053026B E 00900

APU

053026BE00900

Description

This turnkey business opportunity presents a well-established auto repair shop located at 1216 W Broadway St, Lenoir City, TN 37771. The property boasts a 2,075 square foot building situated on a level lot encompassing 20,614 square feet (four city lots) with over 175 feet of road frontage on Highway 11/W Broadway St. The building features four work bays, an office, and 1.5 bathrooms. Included in the sale are an air compressor, auto lifts, and standard shop tools. The business has operated successfully for over 20 years. While personal hand tools, scanners, a brake lathe, and air conditioning equipment are not included, the existing infrastructure provides a solid foundation for a new owner to seamlessly continue operations. The property is zoned C3 and is offered at $550,000, representing a price per square foot of $265.06. This represents a unique opportunity to acquire a profitable, established business with significant road frontage in a desirable location. The sale is an owner/user investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $1,213,360

  Hospitality

  $1,111,431

  Educational

  $924,697

  Medical

  $956,499

  Retail

  $1,438,418

Location Insight

City

Lenoir City

County

Loudon

State

Tennessee

Latitude

35.7819

Longitude

-84.2796

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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