Retail for Sale in Fort Oglethorpe

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30046639
Property Subtypes: Street Retail
Building Size (RSF): 2,200 SF
Gross Building Area: See Agent
Gross Land Area: 5,227 SF
Sale Price: $125,000
Unit Price: $56.82 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2017

Overview / Comments

Just Reduced!
Owner is offering $10,000 towards Buyer's build out with a full price offer!
Owner retiring and wants to sell. Listed below recent appraisal.
The space is currently divided into 2 spaces each having their own front door entrance, however there is a shared kitchen and restrooms in the rear of the building. It can easily be converted back into one space. The right side was used as a telemarketing office with 14 small cubicles. There are 3 offices in the rear space of this side. The kitchen area has granite counter tops and cabinets. From the kitchen you circle around to the rear entrance for deliveries and employee parking. This is where you also enter the left space. This space was previously a boutique. It needs complete interior build out for new business. There are 2 restrooms.

Electricity, Water, Sewer, Garbage is $45 per month. HVAC is approximately 8 years old. Roof flat and in good condition. Internet T1, The last renovation was in 2009.

The City of Fort Oglethorpe has plans to narrow the road in this area by adding trees in a median separating the two sides of the street which will allow street parking in front of the buildings along Lafayette Rd.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $1,038 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County
Tax ID/APN: 0003I-041
Zoning: C-1
Retail Clientele: General, Business, Other
Property Located Between: Enscore Street and W Harker Road
Property Visibility: Good
Largest Nearby Street: Reeds Bridge Road
Airports: Chattanooga Metropolitan Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Average
Year Built: 1950
Year Renovated: 2009
Roof Type: Flat
Parking Type: Surface
Parking Description: paved, parking in front and rear of building
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-1
Lot Frontage: 40'
Lot Depth: 130'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner
Legal Description: Ft Oglethorpe Pt Of Area 38 Landlot: 97 Landdist: 9/4

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,605 39,969 104,880
Median Age: 34.43 39.59 38.18
Households: 1,477 16,368 42,995

Contact

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