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731-215-0210
245 W Lafayette St, Jackson, TN 38301
21095 Us-79 Gadsden, TN 38337 Active
UPDATED: 04/10/2025 06:01 PM ON MARKET: 16 days on market
Listed by: Brandie Bassett Total Realty Source
$750,000
2,244 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $334
MLS Listing ID 2501527
Originating Board Central West Tennessee Association of REALTORS®
Year Built 1945
Annual Tax Amount $1,274
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 60,984 sq.ft
Property Sub-Type Retail
Property 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: $75,000
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.