5 Suite Shopping Center on Busy Stretch of Hixson Pike

Shopping Center for Sale
Catylist Listing ID: 30796280
Property Subtypes: Strip Center
Building Size (RSF): 6,110 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $1,075,000
Unit Price: $175.94 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Valleybrook Shopping Center
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

Valleybrook Shopping Center is a well-maintained 6,110 sqft building that features 5 suites each with visible glass storefronts, private back entrances, individual utility meters, road front signage, and shared use of the spacious parking lot. The suites range from 1,100 to 1,900 sqft in size. Additionally, one suite can accommodate a drive thru, with a drive thru lane that circles the building and a separate exterior access door. The dedicated parking lot offers 31 spaces for clients, tenants, customers and employees. Of the 5 suites there are 2 vacancies, and current GMI is $3,300. Anchor tenants are Alluring Looks and Shear Rebel Hair Studio. These suites are ideal for small businesses, service industry providers, or even a small restaurant or catering company. Located off of a major thoroughfare with an abundance of residential neighborhoods nearby, and where both franchise and local businesses are thriving. Daily traffic count is near 23,000. Showings can be accommodated upon request.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 101 019.05
Zoning: C-2
Property Visibility: Good
Traffic/Vehicle Count: 23,000
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1997
Parking Type: Surface
Total Parking Spaces: 31
Legal Description: Lt 1 Jackie Davidson Sub Pb49 Pg82 Rev 49-362

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,290 30,039 78,248
Median Age: 49.62 42.9 41.42
Households: 936 12,382 32,355

Contact

Photograph of Listing Agent

Grace Frank

Chattanooga Real Estate Group Greater Chattanooga REALTORS® Member
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