Anchor Inn Bait and Tackle Gas Station

Retail-Commercial for Sale
Catylist Listing ID: 30166247
Property Subtypes: Convenience Store, Service Station/Gas Station
Building Size (RSF): 2,880 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $225.69 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

Anchor Inn Bait and Tackle is located off of exit 161 on I-24. Property is water front with water access. Anchor Inn offers gas, convenience store items, prepared food, light fishing tackle and bait, beer and ice. Property is located on the Tennessee River just south of Hale's Bar Marina on Highway 41 in Guild, TN. Current business is very successful due to it location with great growth potential. Since property is waterfront there is potential to add boat docks for gas and access to store. Additional income for property through 5 RV Hookups, and 1 apartment.RV Hookups rent for $400/month and apartment leases for $120/week. Anchor Inn serves breakfast 7 days a week. Plate lunches 5 days a week. They sell Fishing Licenses and offer Live Bait. New roof was installed April 2014. Current on all certifications to operate store. There are Anchor Inn signs on both East and West bound on I-24. Sale includes all business related inventory.

Additional Details

Nearest MSA: Chattanooga
County: Marion
Taxing Authority: Marion County, TN
Tax ID/APN: 130M A 045.00
Retail Clientele: General
Property Visibility: Good
Feet of Frontage: 275
Highway Access: I-24
Site Description: Level
Year Built: 1948
Construction/Siding: Wood Siding
Parking Type: Surface
Lot Frontage: 275
Legal Description: GIS 2001 145D 7.00

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,125 5,698
Median Age: 41.47 44.36
Households: 863 2,389

Contact

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