Park Grocery

Retail-Commercial for Sale
Catylist Listing ID: 30046501
Property Subtypes: Convenience Store, Service Station/Gas Station, Other
Building Size (RSF): 3,200 SF
Gross Building Area: 5,000 SF
Gross Land Area: 0.47 - 0.50 Acres
Sale Price: $525,000
Unit Price: $164.06 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Park Grocery
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2017

Overview / Comments

This property is a great business / investment opportunity. The surrounding area is developing rapidly. This highway ,58, is the main connection to Harrison Bay State Park. Because of the State park, this particular store and immediate surrounding area will not be developed. However, all around this park may be. That is very good for business and value. The park is visited by thousands of visitors all year long. This is the convenience store just outside the park entrance. Literally across the street from the park. The two - two bed one bath apartments are great rentals. Or you could let the worker for the store live in one and rent the other. With some ingenuity and imagination this property will be a good money maker. As it is the store and rent provide a great business. What can you do to make it even better! All information regarding sales, profits and other pertinent information to make an informed buyer decision, will be available to those truly interested. Call today to set up a showing.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton county
Tax ID/APN: 033093 04400P000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Highway 58 and Harrison Bay road
Property Visibility: Excellent
Largest Nearby Street: Harrison Bay road
Feet of Frontage: 400
Highway Access: Highway 58 connects to highway 153 which connects to I-75
Airports: Chattanooga
Site Description: Sets at the entrance of Harrison Bay state park
Area Description: Mix of residential, business, and rural park setting.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,200 SF
Property Condition: Average
Year Built: 1962
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Aluminum Siding, HardiePlank Siding, Wood Siding
Exterior Description: Great shape with excellent exposure. Close to road.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Parking is available all the way around the building. Most people come and go very quickly. perhaps 10 to 12 cars are there at one time.
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Package Unit, Window Unit, Other
Internet Access: Cable, Satellite, Other
Interior Description: Very nice and bright with new LED lighting recently installed. Storage in back of store with one bathroom. All electric from service to throughout redone last year. coolers are cold and work great. No problems. Ac unit also new last year.
Zoning Description: R-3 Commercial store in front with two residential apartments attached in the back.
Lot Frontage: 155x277
Lot Depth: 200
Water Service: Municipal
Sewer Type: Septic
Legal Description: Pt NW 1/4 Se 1/4 sec 21 TWP 4 R-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,385 17,171 51,920
Median Age: 40.31 40.71 40.85
Households: 888 6,458 19,585


Photograph of Listing Agent

Daniel Burnside

Re/Max Properties GCAR CMLS Member
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