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 |
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 |
|
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