Retail Building with Additional Land for Expansion

Retail-Commercial for Sale
Catylist Listing ID: 30049451
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 2,300 SF
Gross Building Area: 3,341 SF
Gross Land Area: 68,090 SF
Sale Price: $399,000
Unit Price: $173.48 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Cafe 41 and Mane Image
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/12/2018

Overview / Comments

This is a 1.5 acre parcel with a 2,300 sq. ft. building containing a restaurant, and hair salon located at the interchange of Hwy 28 and US 41. A small 1,041 sq. ft. residence with 2 bedrooms and 1 bath is on the second parcel adjacent to the building housing the two active businesses. The final parcel now has a small open structure presently under construction on what was a vacant lot. These three parcels are being offered as a whole. The combined properties have approximately 470 ft. of frontage on Highway 41, and 325 ft. of frontage on East Valley Road. The traffic count on US 41 at this location was 8,900 vehicles per day in 2015

Additional Details

Nearest MSA: Chattanooga
County: Marion
Taxing Authority: Marion County and City of Jasper. TN
Tax ID/APN: 120B B 013.00, 120B B 013.01, 120B B 012.00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Jasper and Lake Nickajack.
Property Visibility: Excellent
Largest Nearby Street: US Highway 41
Feet of Frontage: 472
Traffic/Vehicle Count: 8,900
Highway Access: US Highway 41, TN Highway 28, Interstate 24.
Airports: Marion County - 1 mile, Lovel Field - 35 miles
Site Description: Excellent visibility at high traffic intersection with excellent access from any direction.
Area Description: Mixed area consisting of residential, retail, industrial, commercial, and recreational.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1992
Roof Type: Mansard
Construction/Siding: Metal/Glass
Total Parking Spaces: 46
Parking Ratio: 20 (per 1000 SF)
Parking Type: Surface
Parking Description: Large paved area in front of building with two curb cuts for ingress and egress.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Neat, Freshly Painted.
Zoning Description: COMMERCIAL
Lot Frontage: 470 ft
Lot Depth: 210 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Single Propritorship
Legal Description: Tax Parcels: 120B B 013.00, 120B B 013.01, 120B B 012.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,057 3,182 8,153
Median Age: 47.36 43.43 42.55
Households: 456 1,319 3,337


Photograph of Listing Agent

Bedford Allison

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