6849 Prestige Lane

Retail-Commercial for Sale
Catylist Listing ID: 29967256
Property Subtypes: Street Retail
Building Size (RSF): 11,200 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $79.91 PSF
Property Use Type: Business
Building Name: Prestige Business Park
Sale Terms: Cash to Seller
Cap Rate: 11.71%
Last Updated: 3/24/2017

Overview / Comments

Class A+ strip mall. One story - All metal and steel building with no load bearing interior walls. 10 units with 1000 sf each. Great anchor tenants: 1 doctor office, 1 restaurant, 1 cabinet company and 1 developer (owner).

6 foot side walk and manser; xtra large asphalt parking lot exceeds the standard county code; 2 Grease traps

beautiful interior finishes include:

Ceramic tile - wood flooring in restaurant;
Stacked stone fireplace and stone accent wall;
Some restaurant equipment included;
quality finishing in all units including 5 inch base, ceramic tile flooring
drop ceilings in 8 units

Each Unit has:
Individual water meter
A/C heat unit
Electrical meter
Sewer tap - clean out

GMI = $9,000
Yrly = $108,000

Market Growth:
Brand new Walmart Neighborhood Market, apprx 1 mile
Hwy. 27 apprx. 1.5 miles
Hwy. 153 apprx. 1.2 miles
Northgate Mall apprx. 3 miles
Publix apprx. 2 miles
*New mini city development approved, apprx. 1.2 miles

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033091 05810P000
Property Located Between: at corner of Middle Valley Road and Boy Scout Rd.
Highway Access: Hwy 27 Hwy 153
Airports: Chattanooga Municipal airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2009

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,928 34,835 75,239
Median Age: 44.23 41.48 41.6
Households: 3,121 13,900 31,116


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