former Shields Electronics & American Internet Bldg. at Dodds

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30726044
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 3,120 SF
Gross Land Area: 0.18 Acres
Sale Price: $225,000
Unit Price: $72.12 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: American Internet Building
Usable Size (USF): 3,120 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/9/2021

Overview / Comments

Located at the Signalized Hard Corner 23rd Street at Dodds Ave is the former Shields Electronics and current American Internet Building ONLY For Sale, active ongoing business, American Internet with building For Sale ONLY. Great location, 16,500 Traffic Counts on Dodds Ave. zoned C-2 for retail commercial, office with easy access to I-24 via 4th Ave. exit and East Ridge through tunnel. Basement and  2 story brick building currently used for storage of used technology equipment (and some office furniture). NO interior views at present with interior video tour in process of being produced. Outstanding location for office, retail, and more on the bustling edge of East Chattanooga/close proximity to the Southside, excellent affordability, For Sale opportunity.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033156K A 00700
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: 23rd Street and Dodds Avenue
Property Visibility: Excellent
Largest Nearby Street: 23rd Street
Feet of Frontage: 144
Traffic/Vehicle Count: 16,500
Highway Access: 23rd Street to 4th Ave to I-24 east or west
Airports: Chattanooga Lovell Field
Site Description: Located at the signalized hard corner of 23rd Street and Dodds Avenue is the former Shields Electronics current American Internet Building for sale. Business is active and ongoing. Building For Sale, approximately 3120 sf with exterior fenced parking in the rear of building. Ideal Office Space with easy access to I-24 or Supply retail building for wholesale or retail goods. High traffic counts and signalized location make this an ideal location. Needs interior improvements.
Area Description: Before I-24, 23rd Street was one of two main highway arteries through Chattanooa once Missionary Ridge crested. 23rd and Dodds Avenue corridor are ideally suited for a mixture of retail, wholesale, and urban infill opportunities. the former Shields Electronics and current American Internet Building at 3120 Square Feet is ideally suited for a multitude of commercial uses. In a growing and improving southside area of Chattanooga, TN.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,550 SF
Property Condition: Average
Year Built: 1925
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Painted Brick
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: fenced rear of building parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Gigabit
Interior Description: Improved office space former server location for Internet company and wholesale electrical supply companies.
Zoning Description: C-2 for commercial activity along a retail corridor.
Lot Frontage: 144
Lot Depth: 66
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Single
Legal Description: Lt 24 Blk 4 Curtis Addn Pb 2 Pg 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,229 82,698 147,887
Median Age: 30.66 36.06 36.9
Households: 4,733 33,115 61,027


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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