Catylist ID: #30783414
Retail/Office Building For Sale with Billboard Lease
Retail-Commercial for SaleAlso listed as Shopping Center, Office
|Catylist Listing ID:||30783414|
|Property Subtypes:||Convenience Store, Mixed Use, Restaurant, Street Retail, Other|
|Building Size (RSF):||8,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.78 SF|
|Unit Price:||$111.25 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
Overview / Comments
Multi-tenant retail/office building with a billboard lease.
Suite A (1,500 SF) was recently leased to Cell Medic for its 3rd location, selling and repairing cell phones, game consoles, and other electronic devices and accessories, with a 5-year lease. Suite C (1,500 SF) has been leased to a hair salon for over 10 years. Suite C (3,000 SF) was used by the property owner for his beauty supply store before he decided to close this location. The storage space (2,000 SF) includes a restroom and is accessible from the back of the property and was also used by the property owner. Therefore, there is 5,000 SF that can be used by the buyer of the property or it can be leased out for additional income.
Rental income from a billboard lease is included in the sale (full-sized, double-sided billboard). The lease expires on July 31, 2022 and can be extended on a long-term basis for a much higher rental rate.
The building has high ceilings (12' to the drop ceiling) in the retail/office area while the storage area's ceiling measures approximately 7.5'.
Additional parking can be added in the front of the property to complement the current parking in the front and rear of the property. There is also a large pylon sign for all tenants to share and a small sign by the street.
Convenient location, close to Hwy 153, between East Brainerd and Hixson.
Located in the central commercial area of Hwy 58 with lots of retail and restaurants.
Very strong traffic counts: over 30,000 annual average daily.
|Taxing Authority:||Chattanooga / Hamilton County|
|Tax ID/APN:||129B E 033|
|Feet of Frontage:||114|
|Area Description:||Central commercial area on Hwy 58 with retail and restaurants|
|Proximity:||1 mile||3 miles||5 miles|
Joe C del ValleKW Commercial Greater Chattanooga REALTORS® Member
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