Retail Building/Site at 3031 Cummings Hwy

Retail-Commercial for Sale
Catylist Listing ID: 30021102
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 1,805 SF
Gross Land Area: 0.18 Acres
Sale Price: $275,000
Unit Price: $152.35 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Odell's Grocery
Usable Size (USF): 1,805 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

This block building has been Odell's Grocery for about 50-years but is now vacant and available for sale or lease (lease listing #30020857). It has excellent visibility on Cummings Hwy and will make a great small retail location. Daily traffic counts are about 14,000 cars per day. It is rumored that another fast food restaurant will be locating very nearby.

The location is near the Cummings Hwy and Browns Ferry Road intersection. Several new retail and office developments or redevelopments have occurred near this location. See vicinity map attached.

The traffic along Cummings Hwy is a mix of local and interstate traffic. Often the interstate slows down and Cummings Hwy is used as a bypass to the interstate traffic slow down.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga/Hamilton County
Tax ID/APN: 154G K 004
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Browns Ferry Rd and N. Aster Ave
Property Visibility: Excellent
Largest Nearby Street: Cummings Hwy
Feet of Frontage: 140
Traffic/Vehicle Count: 13,081
Highway Access: I-24, I-75, Hwy-64
Airports: Chattanooga Airport is within 13 miles
Site Description: The site is level and at street grade.
Area Description: This site is located in the busy section of Lookout Valley in Chattanooga, TN. Within 2 miles of to I-24 and plenty of retail such as Wal-Mart, Dollar Tree, and many restaurants.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1953
Construction/Siding: Block
Total Parking Spaces: 15
Parking Ratio: 8.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking is available for employees and customers.
Sprinklers: None
Heat Source: Central
Zoning Description: C-2
Lot Frontage: 138
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Easements Description: n/a
Land Ownership: Owner
Legal Description: Pt Lts 9 & 11 Blk 1 Tiftonia Sec No 1 Pb 11 Pg 6&7 3315 15 01

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,493 63,724
Median Age: 40.67 35.53
Households: 6,249 25,787

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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