Listing Summary
Newly branded Gas Station & attached 2-bed apartment for sale at 7423 TN-28, Dunlap, TN! $449,000 ($102.05/SF). 4,400 SF building, Opportunity Zone, 11K+ VPD. Call (770) 664-9999!
Full Description
High-Potential Gas Station, Attached Residence & Real Estate For Sale: 7423 TN-28, Dunlap, TN
Offering a rare entry-level commercial real estate package featuring an active gas station and an attached residential apartment, 7423 TN-28, Dunlap, TN 37327 is available for acquisition. Offered at an aggressive asking price of $449,000 ($102.05 per square foot) with a 10-year fuel supply agreement (or $499,000 without a jobber contract), this modern 4,400-square-foot Class A commercial facility sits on a prime 0.52-acre lot in Sequatchie County.
Built in 2015, the property includes a fully equipped convenience store, a fuel canopy with rapidly growing gasoline volume, and an attached 2-bedroom, 1-bathroom apartment. The location currently breaks even after paying full-time employee management payroll on current monthly inside sales of $15,000 and outside fuel sales of 15,000 gallons at a 20¢/gallon margin. However, the store historically generated $30,000 to $40,000 per month in inside retail sales, presenting an immediate turnaround opportunity for an active owner-operator to live on-site, eliminate living expenses, streamline shift labor, and capture substantial net profits.
Key Property Facts & Financial Breakdown
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Asking Price Options:
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$449,000 + Inventory: Includes Business & Real Estate with a 10-Year Rack +1 Jobber Contract
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$499,000 + Inventory: Includes Business & Real Estate WITHOUT a Jobber Contract (Unbranded Freedom)
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Price Per Square Foot: $102.05 / SF (Based on $449K Price)
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Building Size & Class: 4,400 SF Total Facility (Class A / Built 2015 / C-1 General Commercial Zoning)
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Land Parcel Size: 0.52 Acres
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Federal Opportunity Zone: Yes (Qualifies for Federal Capital Gains Tax Deferrals & Investment Tax Advantages)
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Attached Residential Unit: 2-Bedroom / 1-Bathroom Apartment (Ideal for Owner-Operator or Manager Housing)
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Current Operational Performance: Breaking Even under Full-Time Employee Management
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Current Inside Sales Volume: ~$15,000 / Month Average (Historical Highs of $30,000 – $40,000 / Month)
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Current Outside Fuel Volume: ~15,000 Gallons / Month Average at ~20 Cents / Gallon Margin (Steadily Increasing Monthly)
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Passive Auxiliary Commissions: $500 / Month ATM Commission + $260 / Month Tennessee Lottery Commission
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Estimated Inventory: Approximately $75,000 at Cost
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Broker Representation: River Brokers — Direct Contact: (770) 664-9999 | info@riverbrokers.com
Turnaround & Revenue Expansion Opportunities
Engineered for immediate profit acceleration under dedicated owner-management:
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Live-In Owner-Operator Model: An owner-operator moving into the attached 2-bedroom apartment eliminates personal rent/housing costs while replacing salaried employees, putting management payroll straight into their pocket.
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Restore Inside Store Sales Volume: Re-aligning inventory product selection, introducing hot grab-and-go deli foods, expanding tobacco/vape offerings, and enhancing store merchandising can quickly return inside revenues to historical $30,000–$40,000 monthly levels.
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Newly Branded Fuel Growth: Fuel volume is on a steady upward trajectory. Under the newly applied retail brand, monthly gallonnage continues to expand along Highway 28.
Strategic Dunlap / Sequatchie Valley Location & Demographics
Positioned along a major Middle Tennessee commuter corridor:
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High Daily Commuter Flow: Positioned directly on State Route 28 capturing over 11,220 vehicles per day (VPD) serving Dunlap and greater Sequatchie County.
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Rapid Regional Population Growth: Local trade area population is growing at a rapid rate of 5.8% annually, backed by a median household income of $49,000.
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Sequatchie Valley Hub: Dunlap serves as the commercial center for the Sequatchie Valley, drawing steady consumer traffic from local households, regional commuters, and outdoor recreationists.
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Proximity to Civic Anchors & Schools: Located near Griffith Elementary, Sequatchie County Middle, and Sequatchie County High School (collectively serving over 1,900 students and staff).
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Surrounding Hospitality & Dining: Convenient to local lodging (Mountain Inn & Suites, The Honey Bee Motel) and dining favorites (Andy's Pizza & Steakhouse, Taqueria La Rancherita, Wendy's, Taco Bell, Jack's).
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Regional Highway Mobility: Easy access to US-127 and SR-111 — 40 minutes from Downtown Chattanooga, TN; 1 hour 15 minutes from Cleveland, TN; and 2 hours from Nashville, TN.
Whether you are seeking an affordable C-store property under $450k, an Opportunity Zone asset with an on-site residence, or a turn-key gas station with immediate sales upside, 7423 TN-28 delivers value, location, and versatile real estate equity.
Quick Glance
- Listing ID:
CL-Tennessee-28755
- Status:
Active
- Year Build:
2015
- Building Size:
4,400 SqFt
- Lot Size:
0.52 Acr
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Virtual Tour