26313 Savings Center Dr
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26313 Savings Center Dr
2,550 SF Retail Building Ardmore, TN 38449 $295,000 ($116/SF) 9.92% Cap Rate
Investment Highlights
- cash sales no sales taxes paid
- coin laundry generates income without you having to be there alwasys
- established with a costomer base
Executive Summary
This is a well-established and maintained Coin Laundry for sale. It has an inside thrift store, and the Tennesse Lottery is available for sale at the location. Has a private lockable attendant area and office. There is (2) 60lb (5) 40lb (2)30lb (1) 20lb and (6) LG washers and (5) top loaders. (2) 30lb and 13 single pocket dryers most equipment is Dexter. (80) gallon water heater, ac, gas heater mop room and (2) 520DA Rear load standard changers. Ceiling fans camera system time lockable front door.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,000
|
$30.59
|
| Other Income |
$4,500
|
$1.76
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,500
|
$32.35
|
| Taxes |
$470
|
$0.18
|
| Operating Expenses |
$19,100
|
$7.49
|
| Total Expenses |
$19,570
|
$7.67
|
| Net Operating Income |
$62,930
|
$24.68
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $30.59 |
| Other Income | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.76 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,500 |
| Annual Per SF | $32.35 |
| Taxes | |
|---|---|
| Annual | $470 |
| Annual Per SF | $0.18 |
| Operating Expenses | |
|---|---|
| Annual | $19,100 |
| Annual Per SF | $7.49 |
| Total Expenses | |
|---|---|
| Annual | $19,570 |
| Annual Per SF | $7.67 |
| Net Operating Income | |
|---|---|
| Annual | $62,930 |
| Annual Per SF | $24.68 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,550 SF
Building Class
C
Year Built/Renovated
1973/2012
Price
$295,000
Price Per SF
$116
Cap Rate
9.92%
NOI
$29,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.14 AC
Zoning
C1 - Commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 181E-A-008.04 | Total Assessment | $16,240 |
| Land Assessment | $2,160 | Annual Taxes | $470 ($0.18/SF) |
| Improvements Assessment | $14,080 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
181E-A-008.04
Land Assessment
$2,160
Improvements Assessment
$14,080
Total Assessment
$16,240
Annual Taxes
$470 ($0.18/SF)
Tax Year
2023
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26313 Savings Center Dr
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