Walnut Crossing-Adjoins Walnut Square Mall

Sold Shopping Center
Catylist Listing ID: 29559656
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center
Property Type: Shopping Center
Archived As: Sold

Overview / Comments

Well maintained commercial strip center located very near/adjacent to Walnut Square Mall. High traffice intersection of Walnut Avenue and Airport Rd. Property has recently had new exterior light fixtures installed, pressure washing, electrical evaluated and repaired in remaining vacant spaces. Property offers a cut through road that connects to one of the Entrances to Walnut Square Mall...the largest mall in the immediate vicinity.
One (1) long time tenant and one (1) very new tenant who has committed to a five (5) year lease. Located on 3.66 +- Acres with plenty of acreage left to develop.
Potential 3rd Tenant in negotiations.
Call for your appointment today; excellent investment opportunity!

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $15,026 (Annual)
Tax Value Land $265,111
Tax Value Improvements $895,609
Assessed Value - Total($) $1,160,720 (Annual)
Lender Name None
Loan Amount $0
Down Payment $0
Annual Debt Service $0 (Annual)
Amortization Period 0

Additional Details

Nearest MSA: Dalton
County: Whitfield
Tax ID/APN: 12-253-07-000
Zoning: COMMERCIAL NEIGHBORHOOD
Market Type: Medium
Retail Clientele: General, Family, Business
Property Located Between: Corner of Airport Rd. & Walnut Avenue
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: WALNUT AVE
Feet of Frontage: 286
Highway Access: I-75 to Exit 333 Walnut Ave Dalton, GA. Travel 4+- miles. See Walnut Square Mall on Rt. Travel to next major intersection (short distance). Turn Rt. on Airport Rd. Center is on Right just past Sonic and Zaxby's.
Airports: Chattanooga, Dalton Municipal
Site Description: Mostly level lot with subject building on the East side of property...Very near Walnut Square Mall with a portion of the acreage on the rear side of the Mall. If acreage developed the commercial structures can be seen from the Sears end of Mall and could +- access Mall parking lot.
Area Description: High traffic area with Walnut Square being the main shopping center for the area. Food, grocery, Gas, Wal Mart, and additional shopping such as Hobby Lobby all in close proximity. Airport Rd. leads to a rural residential area. Walnut Ave continues from I-75 through the business area of Dalton, through Industrial areas to the Mall area...Centrally located to access N. Dalton and the rural portions of Whitfield County. High Traffic area.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 14,000 SF
Property Condition: Good
Year Built: 2001
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Stone, Vinyl Siding
Exterior Description: Vinyl exterior with poured concrete foundation. Concrete sidewalks with stacked stone accent columns. Stacked stone along bottom of vinyl siding as accent.
Parking Type: Surface
Parking Description: Paved, level in front and rear of subject property
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Sheetrock walls, current tenants have a combination of tile and carpet. Vacant spaces have carpet or bare Concrete floor.
Zoning Description: Commercial Retail/Neighborhood
Lot Frontage: 287x 1167x 100x 1003 Irregular
Lot Depth: Irregular
Land Ownership: By Owner
Legal Description: Tax Map 12-253-07-000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,344 34,857 63,414
Median Age: 29.46 30.12 32.5
Households: 1,652 11,131 21,080

Contact

Photograph of Listing Agent

Susan S Jensen

Berkshire Hathaway HomeService GCAR CMLS Member
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