Retail/Warehouse/Manufacturing

Retail-Commercial for Sale
Catylist Listing ID: 30138947
Property Subtypes: Free-Standing Building, Vehicle Related, Other
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $100,000
Unit Price: $20 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Soddy Home and Auto
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2017

Overview / Comments

This property has been owned for years by present owner and was a Western Auto Store for years. Since that time it has been operated as a home and auto retail. A large percentage of business was from the sale of parts for lawn and garden equipment and auto repairs. This property is being sold for the land and building value only and is a great deal for someone intrested in using the property for Large Equipment Storage, auto, boat, lawn equipment repair, etc. Also, would be good possible storage for boats since it is approximately 1 mile from Soddy Lake and boat storage may be needed in the area. The buildings could possibly be used for auto or lawnmower parts recycling and/or distribution warehouse.

Other possible uses to consider may be Light Manufacturing, Moving/Storage/Delivery, Boat Storage and Repair Center, Waste and Recycling Center, Commercial Printing, Equipment Rental and Leasing, Wholesale Distribution Center, etc. All would have to be subject to zoning approval by the city of Soddy Daisy.

Building is 2 story and also has a detached building which is 2 story with approximately 1,000 s.f. on each level and a large shed attached. All buildings have metal roofs. This property could be very versatile and even be divided for mixed use but it is impossible to describe...must see to realize all the potential at such a great price.

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $1,628 (Annual)
Tax Value Land $45,000
Tax Value Improvements $72,500
Assessed Value - Total($) $118,000 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $1,628 (Annual)
Tax Value Land $45,000
Tax Value Improvements $72,500
Assessed Value - Total($) $118,000 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 048D A 016
Market Type: Small
Retail Clientele: General, Family
Property Located Between: On Corner of 39th Street and Depot Street
Side of Street: Southwest
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Depot
Transportation: Highway
Highway Access: Highway 27 (Approx. 2 miles)
Site Description: Approximately .7 acre.
Area Description: Subject is located within the original town of Soddy, a stable established area of conforming properties. Older established mixed use area which consists of commercial, multi-family, and single family, churches, etc.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1962
Roof Type: Other
Construction/Siding: Block, Brick, Concrete, Wood Frame
Exterior Description: Concerete Block exterior with metal roofs. Front is Brick veneer. One roll up garage door to service area in main building.
Parking Type: Other
Parking Description: gravel lot for approx. 10 cars. However, there is additional space behind the building which could be developed into additional parking (approximately 1/4 acre).
Heat Type: Electricity
Heat Source: Wall Units
Interior Description: approximately 25% has been used for retail and balance for storage, service and repair. about 50% of flooring is concrete and balance is wood. Building appears to be sturdily constructed.
Zoning Description: Present use is grandfathered. Any required zoneing would have to be approved by city of Soddy Daisy and Hamilton County.
Easements: Electric Lines, Utilities
Land Ownership: Owned
Legal Description: Lt. 32 Durham Land Co. PB 12 Pg 48 Rev 85-39 Hamilton County, TN Parcel # 048D A 016

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,663 12,003 22,618
Median Age: 42.23 41.83 42.18
Households: 695 4,613 8,861

Contact

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