Catylist ID:
#30849139
Family owned Salvage Business, 25.98 Acres
Business Opportunity
for Sale
| Catylist Listing ID: | 30849139 |
| Property Subtypes: | Auto Related, Manufacturing, Moving/Storage/Delivery, Real Estate, Wholesale and Distribution |
| Building Size (RSF): | See Agent |
| Sale Price: | $7,900,000 |
| Name of Establishment: | Lowe's Auto Parts |
| Business Website Address: | www.lowesautoparts.com |
| Year Business Established: | 1959 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Living Accomodations: | Yes |
| Sale Terms: | Cash to Seller |
| Last Updated: | 11/20/2023 |
Overview / Comments
|
Current zoning code which the home is situated on, I - Industrial (Property Type Residential, Land Use One Family). Zoned Agriculture. Property also includes a 1500 sq. ft. Detached Garage. Home is being sold with 2 additional parcels of land, referred to as The Yard, and known as 1021 E Hendron Chapel Rd. First tract, Parcel ID: 125 28003 with Alternate ID: 122614 (Property Type Commercial, Land Use Business) - consists of the main building with 4 bays and multiple dwellings that currently provide consistent rental income. Lowes Auto Parts has a Salvage Yard License, Dismantler/Recycler License and a Dealer License. The second parcel, Parcel ID: 125 280 with Alternate ID: 122617 (Property Type Commercial, Land Use Business) - property has a Landing Strip that could be revitalized. All three parcels are being sold as one unit. Sewer available on the street. Two manufactured homes (residences) and two commercial structures with month-to-month rentals are currently generating additional revenue. East Tennessee is known for its strong sense of community and support for local businesses. Buying a family business in this region can provide you with access to a network of fellow business owners, community organizations, and resources that can help you succeed and grow your business. Lowes Auto Parts has an established Supplier Relationships: Lowes has established relationships with suppliers, which can help in negotiating favorable terms, discounts, or exclusive arrangements. These relationships can give you a competitive advantage and ensure a smooth supply chain. Agent Instructions...Call/text to schedule an appointment with owners to discuss potential interest. Showings only permitted for Buyer interested in purchasing all three parcels. Either Proof of Funds or an Loan Approval Letter must be presented to the listing agent before the home may be shown. No sign on property and no supra. Buyer due diligence to confirm all information. Leland Murphy 865-356-4990 lelandmurphy@gmail.com Denise Yeo 865-661-3111 yeorealtor@gmail.com East Tennessee is known for its strong sense of community and support for local businesses. Buying a family business in this region can provide you with access to a network of fellow business owners, community organizations, and resources that can help you succeed and grow your business. Potential for Growth and Expansion: No more salvage business can be started in TN. All permits are transferable to new owner.Zoning will allow potential for residential development. Close location to Johnson University, Interstate and University of Tennessee. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Industry Segment: | Auto Parts Recycling |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $0 |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | All three of the occupied rental properties are currently rented month to month. |
| Employee/Labor Description: | Five employees |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,153 | 10,684 | 37,172 |
| Median Age: | 43 | 43.51 | 40.75 |
| Households: | 479 | 4,263 | 14,677 |
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