2052 Mulberry StLoudon, TN 37774

Property Details for 2052 Mulberry St

Year built

1982

Construction

FRAME

Lot size

1.40 AC

Property size (Sq ft)

4,821 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Auto shops

APN

053048 06700

APU

5304806700

Description

This turnkey opportunity presents a thriving, established auto repair business located at 2052 Mulberry Street in Loudon, Tennessee. The property boasts a spacious 4,821 square foot building, including a two-story office and a separate 12x32 parts cleaning building. The well-maintained shop sits on a 1.4-acre lot, with a fully fenced area behind the office and garage, providing ample space for operations and storage. The business itself enjoys a prime location, approximately 3 miles from Interstate 75, ensuring high visibility and convenient access for customers. Loudon Auto Repair has earned a stellar reputation, consistently receiving 5-star reviews, and has thrived with minimal advertising, demonstrating the strength of its service and customer loyalty. The sale includes a comprehensive inventory of equipment, tools, and furniture, minimizing the start-up costs for the new owner. This inventory includes multiple lifts (none older than eight years, with some new equipment), office furniture, filing cabinets, and computers. The seller is leaving behind nearly all equipment and furnishings, requiring only the removal of personal tools and three tow trucks. This exceptional opportunity offers a ready-made business with an established clientele and a strong reputation, making it an ideal acquisition for an experienced auto repair professional or an entrepreneur seeking a profitable venture. The asking price is $990,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,511,306

  6.5%

  $1,395,052

  7%

  $1,295,405

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,823

  Geo Method

  $2,369,768

• Alternative Use

  Use

  Valuation

  Residential

  $1,176,778

  Hospitality

  $1,077,923

  Educational

  $896,819

  Medical

  $927,662

  Retail

  $1,395,052

Location Insight

City

Loudon

County

Loudon

State

Tennessee

Latitude

35.7193

Longitude

-84.3585

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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