21095 Highway 79, Home with 0 bedrooms, 0 bathrooms and 7 parking in Gadsden TN | Image 1

$650,000

21095 Highway 79, Gadsden, TN

Name: 21095 Highway 79, For Sale in Gadsden - eXp Realty
Brand: Total Realty Source
SKU: 2503783
Price: 650000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $1,275

Days Active 0

Approx. Age 1945

MLS® Number 2503783

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Commercial Gas Station For Sale Property Address: 21095 US-79, Gadsden, TN Property Overview: This well-established gas station offers a lucrative investment opportunity in Gadsden, Tennessee. With consistent fuel and store sales, updated equipment, and additional rental income, this property is primed for continued success. Financial Highlights: Fuel Sales: Monthly: 15, 000-20, 000 gallons Annual: Approximately 180, 000-240, 000 gallons Store Sales: Monthly: $61, 000 Annual: Approximately $900, 000 Additional Income: Adjacent shop rental: $600/month (incremented by $50 annually over the past three years) Operating Expenses: Security Alarm: $50/month Phone and Internet: $150/month Trash Pickup: $250/month Water: $250/month Electricity: $500/month Payroll (including manager's salary): $6, 000/month Net Income: Approximately $140, 000 annually Property Features: Fuel Contract: Current agreement with Dees Oil, expiring in 2028 Lottery Sales: Authorized retailer Equipment Upgrades: New walk-in cooler for beer and soda Around the World 360 Sandwich and pizza prep table with refrigerator Three deep freezers Site Details: Asphalt Paving: Size: 9, 500 sq ft Year Built: 2002 Condition: Average Underground Tank: Capacity: 12, 000 gallons Year Installed: 1998 Condition: Average Detached Garage (Finished): Size: 1, 320 sq ft Year Built: 2002 Condition: Average Canopy: Size: 576 sq ft Year Built: 1988 Condition: Average Community Insights: Gadsden, Tennessee, is a small town with a population of approximately 474 residents. The town has experienced slight fluctuations in population over recent years. The median age is 52.3 years, and the community is predominantly White (82.45%) and African American (13.93%). The average household income is $58, 773, with a poverty rate of 17.09%. Proximity to Larger Towns: Humboldt, TN: Approximately 6 miles northeast of Gadsden Driving time: About 8 minutes Distance Cities +3 Distance Cities +3 Distance Cities +3 Population: Approximately 8, 200 residents Jackson, TN: Approximately 17 miles southeast of Gadsden Driving time: About 25 minutes Population: Approximately 67, 000 residents Nearest Gas Stations: CITGO: Located at 321 N 22nd Ave, Humboldt, TN GasBuddy Approximately 4.7 miles from the property Exxon: Located at 2600 N Central Ave, Humboldt, TN GasBuddy Approximately 5.1 miles from the property Maverick: Located at 836 Eastend Dr, Humboldt, TN GasBuddy Approximately 5.1 miles from the property Murphy USA: Located at 2658 Central Avenue, Humboldt, TN GasBuddy Approximately 5.3 miles from the property For further inquiries or to schedule a viewing, please contact the listing agent.Show Description

MLS® Number2503783

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1945

Stories1

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Heating Fuel

Extras

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