Used-Car Sales Lot

Retail-Commercial for Sale
Catylist Listing ID: 30626652
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 5,130 SF
Gross Building Area: See Agent
Gross Land Area: 1.30 Acres
Sale Price: $1,035,000
Unit Price: $201.75 PSF
Property Use Type: Vacant/Owner-User
Building Name: Chattanooga Motors
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Used-Car sales lot and office, located directly across from Economy Honda Superstore and less than one-half mile from Capital Toyota and Lexus of Chattanooga. Also located along this heavily trafficked stretch of Lee Hwy are University Motors, American Car Center, Hertz Car Rental, and Enterprise Rent-A-Car.

This 1.3 Acre +/- lot includes a 5,130 SF +/- office with a large open sales floor, customer waiting area, and a glass walled manager's office. Additional offices and an employee lounge are located just off the sales floor.

The sales lot holds approximately 45 to 50 cars. Additional land behind the office is available for additional storage and employee parking.

This property includes two separate tax parcels, 158A E 015 and 158A E 016.01. The sale does not include rights to the existing billboard or cell tower. The existing business is relocating. Do not interrupt normal business operations or approach employees. Property tours available by appointment.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga; Hamilton County
Tax ID/APN: 158A E 015; 158A E 016.01
Zoning: C-2
Property Visibility: Excellent
Traffic/Vehicle Count: 27,694
Highway Access: Located on Lee Hwy, 1 Mile west of Hwy 153.
Tenancy: Single Tenant
Property Condition: Excellent
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 56,709 150,134
Median Age: 34.36 39.48 38.67
Households: 2,161 25,489 62,403


Photograph of Listing Agent

Jason A Lehn

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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