Turn-key Retail/Office Building with Attached Warehouse on Hwy 153

Retail-Commercial for Sale
Catylist Listing ID: 30169713
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 6,740 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $475,000
Unit Price: $70.47 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: All American Building
Usable Size (USF): 6,740 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/29/2018

Overview / Comments

Property presents a great opportunity for any business to be strategically located in the thriving Hixson market along the Highway 153 commercial corridor. The site and the adjacent businesses are among the first properties that can be seen after traveling across the Chickamauga Dam and entering the densely populated retail parameter surrounding NorthGate Mall. Property is located on the "going home side" of Highway 153, providing easy accessibility from the high traffic route that experiences an average traffic count of 49,041 vehicles each day. Nearby businesses include Valvoline, MurMaid Mattress, CVS Pharmacy, High Caliber Auto Sound, IHOP and CHI Memorial Hospital Hixson. Site is located across the access ramp to Dupont Parkway, which provides fast access to Amnicola Highway and downtown.

Owner willing to credit all rent to the purchase price if both parties agree on terms.

5112 Highway 153 consists of a 6,740 sq. ft. free-standing building that has been well-maintained and features several recent updates. Building offers +/4,500 sq. ft. of office/retail space and +/-2,000 sq. ft. of warehouse. Office/retail layout has reception area, 2 large executive offices, open work area with cubicle partitions for 8 offices/workstations, large sales floor, conference room, full bathroom with shower and break area/kitchenette. Warehouse portion equipped with 2 roll-up doors that are ideal for truck delivery, an additional restroom and ample space for storage and/or service/workshop area. Refer to photos and attachments for further detail on building dimensions, floor plan, etc. Level 0.45 acre lot has paved parking lot with 10+ spaces as well as 2 commercial billboards that have great potential for additional income.

Current owners have made improvements to ensure that the property is secure, such as - gated entrance to building, chain-link fence enclosing rear portion of property, building wired with alarm system, video surveillance of entire property as well as exterior lighting in place. Some of the most recent updates include a new roof installed July 2017, exterior paint + trim in August 2017 and HVAC replaced in 2014. Most of the interior has received new paint and new carpet as well as luxury tile flooring.

The site has served as a successful location for All American Business Systems for over 10 years, however the company was recently purchased and no longer in need of this property. As a result, the sellers are flexible, motivated and willing to negotiate the office furnishings and equipment into the purchase of the property. This offer provides a great turn-key solution for starting or existing businesses with the available furniture and equipment all in great condition and less than 10 years old. In addition, the building is also available for lease at $8 PSF with option to purchase at a reduced price (25% of rental price to be applied to purchase). Property has infinite potential and would be ideal for almost any retail or office users that require a service/work area, retail display and/or storage.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 110J B 019.01
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Highway 153 and Hamill Road
Property Visibility: Good
Largest Nearby Street: Highway 153
Traffic/Vehicle Count: 49,041
Highway Access: Direct access to Hwy 153; 9.9 miles to access I-75 via Hwy 153; 4.2 miles to access US-27 via Ashland Terrace
Airports: Chattanooga Metropolitan Airport (CHA) - 7.6 miles
Area Description: Site is located on highly traveled Highway 153 in the commercial corridor that surrounds North Gate Mall, which is the highest retail area on the north side of Chattanooga. Property and the adjacent businesses are among the first that are approached after crossing the Chickamauga Dam and heading into Hixson. The Hixson community is the 2nd fastest growing retail area in Chattanooga. CHI Memorial Hospital Hixson is located less than 1/2 mile from site. Highway 153 runs from I-75 a few miles East of the I-75/I-24 interchange to US-27, and serves as a bypass around downtown as well as I-75 travelers heading North towards US 27.
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Good
Year Renovated: 2017
Parking Type: Surface
Legal Description: Lt 2 Pauleys Sub Of B C Roper Tr 29 -141

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,071 41,454 102,916
Median Age: 41.69 41.69 40.03
Households: 2,306 18,202 44,157


Photograph of Listing Agent

Joe M Pleva

KW Commercial GCR CMLS Member
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