29 Unit Boat Storage Complex with 3000 sq. ft Shop
ONLINE ONLY
AUCTION
29 Unit Boat Storage Complex
With 3000 sq. ft. Heated Shop
153 Shanghai Rd., LaFollette, TN 37766
Begins to End Thurs., Nov. 21 @ 7 PM
**Inspection Anytime, Mon. - Fri., 9 - 4 PM**
Constructed from 2020-2021, this boat storage complex checks all the boxes for the perfect investment. The 29 units are all 14’x40’ in size, with 12’x14’ roll up doors. All are metal construction, built on concrete slab, with individual lights and electric plug-ins. There is an electric security gate with punch pad, and the complex has a wide swing-in entrance. The 3000 sq. ft. A&S Steel building has a 1000 sq. ft. retail space that is heated and cooled, with a bathroom and 12’x14’ roll up door. The remaining 2000 sq. ft. shop area is heated, with (3) 12’x14’ roll-up doors. In addition, there is another 40’x75’ A&S Steel building that is all open, but perfect for dry storage. Both of these buildings will be leased back to the current owner for $2,800/mo (see attachments). Located at the crossroads to 2 major Norris Lake docks, this complex is also strategically situated within 4 miles of hundreds of Norris lake homes and lots.
Click for rent roll and expenses
2024 Property Taxes: $4,059 Tax Map: 101 Parcel: 207.00
Warranty Deed Book: 523 Page: 191
LOCATION: LaFollette. Traffic light #4, turn on South Ave. beside of Gamble Motor Co. Travel 5 3/4 miles, bear left at Shanghai Rd., then 200 yards to the complex on the left.
Auctioneer: Paul Provins TN LIC#: 4528
Property questions, call 423-562-4941. Bidding questions, call 423-286-0041.