Freestanding Retail/Office Building on Ringgold Rd

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30664250
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 6,301 SF
Gross Building Area: See Agent
Gross Land Area: 0.31 Acres
Sale Price: $425,000
Unit Price: $67.45 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

Freestanding brick building with additional storage off of Ringgold Rd. Currently divided into two spacious suites, this 6,301 sqft building is zoned C-2 and best suited for retail or office space. One of the suites is leased for the next 5 years at $1,800/month, while the other suite is being used as storage by the current owner. Additional storage space can be found behind the building, and to the left of the building. There is plenty of parking out front for customers, clients, or employees. Recently, East Ridge voters passed a measure to allow liquor stores within city limits, and City Council hopes to finalize the regulations by early spring 2021. This would be an ideal location for a new liquor store between the excellent visibility from Ringgold Rd and ample parking. The daily traffic count on this section of Ringgold Rd is approximately 21,000. Situated near an abundance of other area businesses and restaurants, as well as residential neighborhoods. Owner financing desired by seller; please inquire for details.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 169A F 010
Zoning: C-2
Property Visibility: Excellent
Largest Nearby Street: Ringgold Rd
Feet of Frontage: 115
Traffic/Vehicle Count: 21,000
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1955
Parking Type: Surface
Legal Description: Lt 1 Ruth W Ulmo Sub Pb36 Pg32

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,044 76,702 152,476
Median Age: 40.64 37.22 37.33
Households: 5,924 31,753 63,193

Contact

Photograph of Listing Agent

Grace Frank

Chattanooga Real Estate Group Greater Chattanooga REALTORS® Member
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