2.44 ac. Hixson Pike | Chattanooga, TN Retail | ADT 30,000

Retail-Commercial for Sale
Catylist Listing ID: 30138764
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 1,861 SF
Gross Building Area: See Agent
Gross Land Area: 2.44 Acres
Sale Price: $550,000
Unit Price: $295.54 PSF
Property Use Type: Investment, Business
Building Name: Backyard Buildings
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/3/2018

Overview / Comments

Additional details to follow soon.

The current operating business owner will collaborate with a new owner to continue with same operation, but the business continuation isn't a requirement for sale/transfer of property. If a new owner desires to continue with same shed supplier/manufacturer and/or operation then new owner would need to qualify.

The noted 2017 Gross Income is thru June of this year; the 2015, 2016 and 2017 Profit/Loss statements can be provided or discussed upon CA between prospective buyer or representative and the listing company/broker.

Listing Broker:
Ken Armstrong, CCIM
1200 Mountain Creek Rd.
Chattanooga, TN 37405


Finance Data Year 2017
Gross Operating Income $45,000 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2016
Real Estate Taxes - Annual($) $7,200 (Annual)
Gross Operating Income $80,000 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name FAIRWAY Advertising
Industry Type Other Services
Is Renting? Yes
Tenant Notes Trivision face sign pylon on property conveys; lease abstract may be provided upon CA between prospective buyer and listing company/broker.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County TN and City of Chattanooga TN
Tax ID/APN: 100 025
Zoning: C-2
Retail Clientele: General, Business, Tourist
Property Located Between: Hixson and Soddy Daisy TN
Property Visibility: Excellent
Largest Nearby Street: TN State Highway/Road 153
Feet of Frontage: 300
Traffic/Vehicle Count: 30,000
Highway Access: 2 curb cuts on Hixson Pike
Airports: Chattanooga Metro

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,303 40,720 84,155
Median Age: 46.95 42.68 40.86
Households: 1,385 17,031 35,321


Photograph of Listing Agent

Ken Armstrong CCIM

The Raines Group, Inc. GCAR CMLS Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.