Commercial Corner, Ringgold Rd

Sold Retail-Commercial
Catylist Listing ID: 29972765
Property Subtypes: Mixed Use, Street Retail
Property Type: Retail-Commercial
Archived As: Sold

Overview / Comments

**Residential Apartments renovation completed** Mixed Use Commercial Building on busy corner of Germantown Rd and Ringgold Rd. Recent expansion of parking improves usability and variety of income producing options. The two story structure has Commercial Space / Showroom on grade with Ringgold Rd and Residential Apartment Space on grade with Old Ringgold Rd to the rear. A desirable mix of uses which is currently trending upwards, each with their own entrances and metered utilities. Commercial Space is approximately 3000 sq ft with Store Front Windows, Excellent Visibility at Stop Light #14. Concrete Slab Floors and 11' 3" clear height to structural steel truss which supports Poured Concrete floors on Second Story above. Support Columns are spaced at approx. 18' and 30' intervals. New 200 amp Electric Panel. Two New HVAC Condenser Units and Air Handlers are of recent age. Direct access to Second Story from rear of building enters on a Mezzanine Landing and 1/2 flight ascension to Residential Apartment Space. Kitchen, Bath, Shower, Sinks, HVAC, Water Heater and Communications Fiber are located here. Several Residential units could be installed, with the benefit of existing utilities, Plumbing and Appliances. Additional Plumbing could be installed with floor penetrations and lateral runs within the drop-ceiling space of the First Story. Some fire-code conditions may be required by municipality. An excellent location and layout for producing income in two rental markets (commercial and residential).

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of East Ridge TN, Hamilton Co
Tax ID/APN: 168D F 010
Zoning: COMMERCIAL C-2
Retail Clientele: General, Family, Business
Property Located Between: Conrner of Germantown Rd and Ringgold Rd
Property Visibility: Excellent
Largest Nearby Street: Ringgold Rd, State HWY 41
Feet of Frontage: 165
Traffic/Vehicle Count: 17,900
Highway Access: Interstate 24.
Airports: Chattanooga Municipal
Site Description: Corner Lot. Level Parking on frontage with Ringgold Rd. Sloping gradient with frontage on Germantown Rd. Level Frontage on Old Ringgold Rd. High Traffic area on Major Artery and Connector.
Area Description: Commercial / Retail Area. Brands in the immediate area include Walgreens, Ace Hardware, Goodyear Tire, Convenience Stores, Food City, Family Dollar.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick Exterior with new Wall Surface Finish. Flat Roof with Membrane Roofing.
Total Parking Spaces: 18
Parking Type: Surface
Parking Description: Grade level with Commercial Space. Grade Level with Residential Space. Surplus Parking on new concrete surface.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: Commercial C2
Lot Frontage: 165
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee
Legal Description: Pt Lt 6 Fruitland Farms Pb 7 Pg 32

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,796 87,061 150,806
Median Age: 39.31 36.3 37.07
Households: 6,166 34,831 62,249

Contact

Photograph of Listing Agent

John Mitchum

Re/Max Renaissance Realtors GCAR CMLS Member
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