Lauderdale Memorial Highway BUILDING and 2.78 acres

Retail-Commercial for Sale
Catylist Listing ID: 29999711
Property Subtypes: Street Retail, Other
Building Size (RSF): 1,920 SF
Gross Building Area: See Agent
Gross Land Area: 2.78 Acres
Sale Price: $675,000
Unit Price: $351.56 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Malibu Boats
Usable Size (USF): 1,920 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/5/2017

Overview / Comments

Central location in Charleston right off a major interstate for Fast Food , Retail, other business with approximately 100 feet of road frontage. Close proximity to Amazon, Wacker, Bowater, and the Interstate, this makes an ideal placement for almost any thriving business.
Excellent business opportunities from surrounding commerce and all of the traffic from Nearby developing properties will also add to the public activity on Lauderdale Memorial Highway . Additional adjacent 2.37 acres also with road access from Lauderdale Building is approximately 1920 square feet and fenced in the back. The building is currently leased month to month and used for Marine Auto/ Malibu Boats . Great opportunity to own investment/business property on a busy highway and major interstate exit location only about .03 mile from the Interstate I-75 with daily average daily traffic count of 40,867 vehicles and over 3,894 average daily traffic count on Lauderdale Memorial Highway.
Charleston is across the Hiwassee River from a large paper mill operation of Bowater Corporation in Calhoun, which is a major local employer. Logging trucks and rail traffic to and from this plant frequently traverse Charleston.
Germany based chemical company Wacker Chemie broke ground in 2011 on a new solar-grade polysilicon production facility (550-acre Greenfield site). At a cost of $ 2 billion be 650 new jobs generated
An Amazon Fulfillment Center, located off the interstate in Charleston, employs several hundred people.

Current Tenants

Tenant Business Name Malibu Boats
Is Renting? Yes
Annual Revenue $24,000 (Annual)
Employees Total 5
Employees at Location 5
Year Founded 2002
SF of Space Occupied 2,000 SF
Current Rent $2,000 PSF (Annual)
Tenant Notes Tenant is on a month to month lease ...

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Bradley
Tax ID/APN: 015 003.21 000
Zoning: COMMERCIAL
Retail Clientele: General, Business, Tourist
Property Located Between: Mapco
Property Visibility: Excellent
Largest Nearby Street: Lauderdale Memorial Highway
Feet of Frontage: 100
Traffic/Vehicle Count: 40,000
Highway Access: .03 miles
Airports: Chattanooga Regional Airport
Site Description: Steel Building with fencing
Area Description: Industrial , fast food and Retail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,200 SF
Year Built: 2000
Construction/Siding: Metal Siding
Exterior Description: Steel Building with fencing
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Asphalt and storage area fenced
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Private
Legal Description: DIST.03 MAP 015 C-MAP GP C-MAP 015 PARCEL 00321 SP-INT 000 CO 006 CI 000 DEED ACRES 0.39 CREATED FOR EVANS LAUDERDALE HWY BLOCK 25 LOT2 ACRES:0.30

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,951 5,549 20,594
Median Age: 39.25 40.26 41.65
Households: 719 2,083 7,787

Contact

Photograph of Listing Agent

Kimberly A Wolf

Keller Williams Realty GCAR CMLS Member
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