Catylist ID: #30035431
Retail-Commercial for Sale
|Catylist Listing ID:||30035431|
|Property Subtypes:||Free-Standing Building|
|Building Size (RSF):||21,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||35,000 SF|
|Unit Price:||$23.57 PSF|
|Property Use Type:||Business|
|Building Name:||Kingwood Pharmacy|
|Sale Terms:||Cash to Seller|
Overview / Comments
Kingwood Pharmacy, founded in 1945 and a pillar of the East Ridge community for 72 years has closed it doors and the property is now for sale.
The property has large open areas for retail use, a pharmacy compounding lab with shelving, cabinetry, sinks, and central vacuum system. It also has a state of the art 12 x 12.9 "clean room" for sterile compounding and attached 6.8 x 8.3 "garbing room and sterile lab", both rooms are FDA approved with negative pressure. The "clean room" can be converted to Hazardous Drug Compounding.
This is a great location for a compounding pharmacy, retail businesses, a repurposed use or redevelopment project. The location is about as good as it gets in East Ridge with high traffic counts and a signalized intersection. The option of adding residential in the mix is possible as there are three (3) apartments located above the first floor.
Perfect spot for restaurant, fast food, convenience store, etc.
The property is located in the East Ridge "Border Region Retail & Tourism Development District" which could allow a new owner / developer to receive sales tax rebates over 20 years.
No retail prescription drug store, pharmacy, ordering, processing, or delivery facility may operate out of this location for 10 years through mid 2026. A compounding pharmacy is allowed however.
Attachments & Media
|Taxing Authority:||Hamilton County|
|Tax ID/APN:||168E H 020 & 168E H 021|
|Zoning:||C - 2|
|Retail Clientele:||General, Business|
|Largest Nearby Street:||Ringgold Road|
|Feet of Frontage:||212|
|Highway Access:||I-24 / Germantown Rd (1.26 miles)|
|Site Description:||Signalized corner of Ringgold Rd & Kingwood / Greens Lake Rd's (runs through GA State line and connects with Lakeview Dr at Lake Winnepesaukah). Also within 1.26 miles of 1-24 / Germantown Rd Interchange. Located in the "Border Region Retail & Tourism Development District".|
|Area Description:||Located in the core retail district of East Ridge on heavily travelled Ringgold Rd. Surrounded by other retail, office and commercial users.|
|Total Number of Buildings:||1|
|Number of Stories:||15|
|Total Parking Spaces:||50|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System|
|Interior Description:||Original building has been expanded several times over the life of the business which has resulted in different floor levels on the first floor. There is a large amount of stand up storage above the first floor with good access. There are three (3) residential apartments located on the roof level which are in poor condition mainly due to roof leaks but could be put back in serviceable condition. They are accessed by an exterior stairway to the roof. Each unit is separately metered.|
|Legal Description:||3824 Ringgold Rd - (Parcel # 168E H 021) - PT LTS 5 & 7 BLK A 2ND UNIT Kingwood Estates PB 14 PG 34. 3816 Ringgold Rd - (Parcel # 168E H 020) - PT LTS 6 & 7 BLK A Kingwood EST 2ND Unit PB 14 PG 34 0325 12 03.|
|Proximity:||1 mile||3 miles||5 miles|
Scott WilliamsonFletcher Bright Commercial Greater Chattanooga REALTORS® Member
Lee Ann WilliamsonFletcher Bright Realty Greater Chattanooga REALTORS® Member
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