201 Patterson Ave

Retail-Commercial for Sale
Catylist Listing ID: 30049137
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 2,600 SF
Gross Land Area: 0.63 Acres
Sale Price: $425,000
Unit Price: $163.46 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Graphics Hair Design
Usable Size (USF): 2,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

Graphics Hair Design salon has been a mainstay in the Fort Oglethorpe market for almost 10 years. After much thought, the owner has moved her business to East Brainerd. The property can reopen as a salon very easily and with only a small investment for equipment. The location, parking, visibility is excellent for any retail establishment.

The traffic counts on Lafayette Rd are over 20,000 cars per day and over 27,000 on Battlefield Parkway. These two street are 1 block away. Patterson Ave and Cross St are used as cut through street to avoid traffic on these two busy streets.

This property can easily be converted to many commercial uses. There is no drop ceiling and has minimal load bearing walls. Currently, there is a small separate suite that could be used by a second tenant, Possible uses include offices, restaurant, medical, therapy and a host of other uses.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa
Tax ID/APN: 0002G-005
Zoning: C-1
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: at Corner of Patterson Ave and Cross St
Property Visibility: Excellent
Largest Nearby Street: Battlefield Parkway - Hwy 2A
Feet of Frontage: 180
Traffic/Vehicle Count: 27,500
Highway Access: I-75 is accessed via Hwy 2A
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade. Is at the corner of Patterson Ave. and Cross St. The building has two entrances and parking on 3 sides.
Area Description: The subject location is in the heart of Fort Oglethorpe's business district. Many new retail establishments have been built nearby within the last several years.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,600 SF
Property Condition: Excellent
Year Built: 2008
Construction/Siding: Steel Frame
Exterior Description: The front two sides of the building have a stucco type finish.
Total Parking Spaces: 30
Parking Ratio: 11.5 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: Parking is twice the average at 11.5 spaces per 1,000 SF. The parking lot is flat with painted lines. Parking is on 3 sides.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Engineered System
Interior Description: The building was built as a hair salon. It could easy be another hair salon or converted to many other uses.
Zoning Description: C1-Commercial
Lot Frontage: 180
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,744 43,308 109,460
Median Age: 35.63 39.59 37.77
Households: 1,927 18,248 45,101

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
Photograph of Listing Agent

Michael Taylor

KW Commercial GCAR CMLS Member
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