Mixed Used Investment Opportunity
Also listed as Retail-Commercial, Shopping Center
|Catylist Listing ID:
Low-Rise/Garden, Mixed Use, Other
|Number of Units:
|Building Size (RSF):
||$86,363.64 Per Unit
|Property Use Type:
||Cash to Seller, Build-to-Suit, Other
Overview / Comments
Incredible A-rated investment opportunity in fast growing Hixson, TN! The projected GMI is between $20,000-$28,000, and since the building has been completely redone, it will incur minimal expenses and offer years of low maintenance. This 22 unit mixed-use commercial building has been fully redesigned, and is ready for the final stage of renovation. The building has been completely gutted, structurally redesigned, and equipped with a new roof, plumbing, electrical, mechanical, doors, and windows. The 11 first floor units are commercial spaces, and are ready for tenant build out. The 11 second floor units are designed to be multi-family and are ready for drywall. Ample parking is available in the front and back of the building for both commercial and residential units. The building needs $300,000 worth of construction to complete the project, which you can do, or the current owners can complete to your custom requirements. The location off of Hixson Pike is ideal, as it's within walking distance of Earth Fare and just minutes to an abundance of shopping and dining. Current traffic count is approximately 30,000 vehicles per day. This number is expected to increase over 10% per year. The current appraisal of $2,400,000 allows for instant equity upon purchase. If you’re looking for a solid investment with instant equity, call today for your private showing!
Attachments & Media
||Hamilton County, Chattanooga
||100J D 005.01
|Total Number of Buildings:
|Number of Stories:
||Pt Lt 6 Margaret Hixson Dower Tr N/ R 1840A 12 013A
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