Catylist ID: #30282881
Gateway Mall & Business Center
Shopping Center for SaleAlso listed as Vacant Land
|Catylist Listing ID:||30282881|
|Property Subtypes:||Community Center, Mixed Use|
|Building Size (RSF):||233,109 SF|
|Gross Land Area:||23.99 Acres|
|Unit Price:||$25.31 PSF|
|Property Use Type:||Investment|
|Building Name:||Gateway Mall & Business Center|
|Sale Terms:||Cash to Seller|
Overview / Comments
The Gateway Mall & Business Center boasts high occupancy with a variety of retail, office, restaurant and service oriented businesses. Major tenants include Gateway Antiques, Crossroads Treatment Center, Venue Church, Our House Studios Fitness Center, Personal Integrative Medicine, Ginger Brown's Dance Academy, and Antiques by the Fountain.
This 24-acre site sits just south of Costco, Cabela's, and the Interstate Commerce Center, located on Cloud Springs Road at Interstate 75, just south of the Tennessee Border. The property includes three entrances with two directly from Cloud Springs Road and one from Roadway Drive.
With nearly 100,000 vehicles per day at I-75 and 19,000 on Cloud Springs Road south of Gateway mall, Cloud Springs Road is a key exit both for destination retail and local commuter traffic.
This is an excellent opportunity for an investor to continue operations of this mixed use property and grow net income, or reimagine alternate uses for the structure or the property. Additionally, there is opportunity to develop multiple outparcels for restaurants, retail and/or hotels.
Property tours by appointment only. Do not disturb tenants.
Acreage and building square footage is approximate and is taken from County Tax Assessor Records and has not been verified.
|Taxing Authority:||Catoosa County, Fort Oglethorpe|
|Tax ID/APN:||0011D-061; -063; -064; and -065|
|Retail Clientele:||General, Family, Traveler|
|Largest Nearby Street:||I75 at Cloud Springs Road|
|Feet of Frontage:||2,000|
|Highway Access:||The property sits 1/4 mile west of Exit 353 at I-75.|
|Site Description:||The property lies below Cloud Springs Road with a retaining wall along the frontage. The majority of the site is level, with three separate points of ingress/egress, an asphalt parking lot surrounding the mall, and three undeveloped outparcels.|
|Area Description:||Cloud Springs Road is the first exit south of the Tennessee/Georgia Border. This exit is well-known for the Costco Warehouse which was established in October 2010 and Cabela’s recreation retail storefront which opened in the fall of 2015.|
|Parking Description:||Ample surface parking surrounds the mall.|
|Total Parking Spaces:||1,100|
|Proximity:||1 mile||3 miles||5 miles|
Jason A LehnHerman Walldorf Commercial Greater Chattanooga REALTORS® Member
Benjamin PittsHerman Walldorf Commercial Greater Chattanooga REALTORS® Member
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