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The property is for sale, with current leases in place for storage unit tenants, and rental home tenants. The commercial building is ready for tenants.
Real Estate Included in Sale
- Polk County, TN Parcel 116 026.00 S/I 000 (5851 Highway 64, Copperhill, TN 37317) - Commercial Building & Self-Storage Units
- Polk County, TN Parcel 116 026.00 S/I 003 (5845 Highway 64, Copperhill, TN 37317) - Single Family Residence (operated as rental home)
Terms of Sale
Terms of Sale
Purchase Agreement: The purchase agreement will define the purchase price and terms of sale. Contact Stateline Enterprises, LLC, to discuss current asking price. Owner expects to convey the current Stateline Self-Storage Units’ rental contracts, and Rental Home lease. The owner is open to discussion about conveying the rights to use the name “Stateline Village Store,” “Stateline Store,” etc., as these are known to area residents. Negotiable items include appliances, interior furnishings, business phone number, social media sites, website domains, etc.
The owner is willing to share resources that may assist a buyer in future operations, including vendor lists, gift show contacts and other area business-related anecdotal information. Resources would be provided in the spirit of positive community relations and would involve neither promises nor guarantees.
Small Business Financing
Small Business Financing
Commercial and Small Business Financing is available
Commercial and Small Business Financing is available
from lenders in the Polk County, TN area, as well as nationwide lenders.
from lenders in the Polk County, TN area, as well as nationwide lenders.
Working with local lenders can benefit the buyer, since local banks:
Working with local lenders can benefit the buyer, since local banks:
- have knowledge of this property, its business history and its income-generation
- desire to invest in local businesses to help their communities prosper
- can help the buyer with banking matters throughout the ownership of the business
BANKS Serving Copperhill, TN
BANKS Serving Copperhill, TN
Business Lending Representatives
Business Lending Representatives
- People's Bank of East TN: Jim Quintrell, Small Business and Commercial Lending, McCaysville Branch, 706-964-8500
- BB&T Bank: Sharon Walczak 423-496-0031
- United Community Bank: Angela Buchanan 706-492-6010 or Cindy Stone 706-632-4506
Owner Financing
Owner Financing
The property owner, Stateline Enterprises LLC, is willing to consider financing the purchase of this property.
The property owner, Stateline Enterprises LLC, is willing to consider financing the purchase of this property.
Seller-Financing May be Available to Prospective Buyers With:
Seller-Financing May be Available to Prospective Buyers With:
- An approved purchase offer with sufficient cash down payment
- A solid credit history/score
- Prior successful business experience
- Other factors, based on financial application
Legal Matters Handled by:
Legal Matters Handled by:
- Gearhiser, Peters, Elliott and Cannon, PLLC, Chattanooga, TN
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