Freestanding Building with Billboard on Lafayette Rd

Retail-Commercial for Sale
Catylist Listing ID: 30718366
Property Subtypes: Free-Standing Building, Vehicle Related, Other
Building Size (RSF): 2,520 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $450,000
Unit Price: $178.57 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Carco Motor Company
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/13/2021

Overview / Comments

Highly-visible freestanding building with billboard on Lafayette Rd. Currently used for auto sales, this property already features an abundance of parking, office space, and garage/warehouse space. The current owner is also in the process of finishing the back half of the building to include a kitchen, full bathroom, and living space. This setup is ideal for those looking for a live/work space or whose business requires a full-kitchen, area for events, or showroom. The billboard on site is currently leased for $5,000/year, and provides an excellent opportunity for passive income, or to promote your own business. Situated on a busy stretch of Lafayette Rd near an abundance of thriving local businesses and recognizable franchises. Daily traffic count is near 20,500.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0002C-091
Zoning: C-3
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Lafayette Rd
Feet of Frontage: 184
Traffic/Vehicle Count: 20,500
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Parking Type: Surface
Legal Description: Lots 3 4 Herron Sub Landlot: 61 Landdist: 9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,636 55,735 115,824
Median Age: 37.66 38.9 37.59
Households: 3,859 23,165 47,811

Contact

Photograph of Listing Agent

Grace Frank

Chattanooga Real Estate Group Greater Chattanooga REALTORS® Member
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