Building with +/- 90 parking spaces located 800 ft from Interstate-75

Retail-Commercial for Sale
Catylist Listing ID: 30769485
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,139 SF
Gross Building Area: 8,691 SF
Sale Price: $1,200,000
Unit Price: $168.09 PSF
Property Use Type: Investment, Business
Building Name: formerly Russell Stover
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/9/2021

Overview / Comments

Free standing building centrally located in growing Athens, TN with high volume interstate traffic and visibility! Only .4 miles (+/- 800 feet) from Interstate 75 exit 49 at the corner of Decatur Pike and Lee Erwin Roads (150 +/- road frontage). The site has +/- 90 parking spaces, a loading dock, a large pole sign and two points of ingress/ egress. The subject property is 1.42 acres improved with a building of approximately 7,139 square feet. The property is zoned B-3 (Intensive Business District), a district for retail and other commercial establishments. There is a median cut in front of the property on Decatur Pike and average daily traffic counts are +/- 23,170 on Decatur Pike and +/- 40,000 on I-75. The building was built circa 1991 and deemed overall in good condition per professional inspection in September 2021. This property is versatile with excellent traffic exposure. Retail, restaurant, venue, car dealership, hotel, etc could all be successful and possible uses.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $8,851 (Annual)

Additional Details

Nearest MSA: Athens
County: McMinn
Tax ID/APN: 054046 23900
Zoning: B-3 INTENSIVE BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Decatur Pike
Feet of Frontage: 155
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1991
Roof Type: Gable
Construction/Siding: Wood Siding
Total Parking Spaces: 90
Parking Type: Surface
Parking Description: large lot with 90 +/- parking spaces with TWO points of ingress/egress
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-3 Intensive Business District
Water Service: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,522 25,882
Median Age: 40.14 40.35
Households: 4,940 10,460

Contact

Photograph of Listing Agent

Libby Pratt

Berkshire Hathaway HomeService Greater Chattanooga REALTORS® Member
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