Strip Center FOR SALE / Immediate CASH FLOW

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30223082
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Status: Pending
Building Size (RSF): 12,850 SF
Gross Land Area: 2.38 Acres
Sale Price: $895,000
Unit Price: $69.65 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.4%
Average Occupancy Rate: 100
Last Updated: 11/19/2018

Overview / Comments

Excellent investment property for SALE in Soddy Daisy, TN.

100% Occupied Long Term Tenants at this local strip retail/office center. Most tenants have been in place for 10+ years. Perfect value add property where the ROI can only increase! Plenty of room to expand center on current lot of nearly 2.5 acres.

Rent Roll & Financials available upon request.

Surrounded by retail, commercial and some residential property. This area is at the center of Soddy Daisy's rapidly growing retail community.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 065N F 001
Zoning: C-3
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Shearer St & Eveningside Drive
Property Visibility: Excellent
Largest Nearby Street: Harrison Lane
Traffic/Vehicle Count: 8,866
Highway Access: Conveniently located within minutes of Highway 27, with quick access to I24 and I75.
Airports: Chattanooga Metropolitan Airport
Site Description: Level lot, ample parking
Area Description: Surrounded by retail, commercial and some residential property. This area is at the center of Soddy Daisy's rapidly growing community.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1998
Roof Type: Flat
Parking Type: Surface
Parking Description: Ample parking on 3 side of the property.
Zoning Description: C-3 Commercial
Lot Frontage: 310'
Lot Depth: 340'
Land Ownership: Owned
Legal Description: Lts 1-3 Carl E Clift Sr Estate Pb47 Pg111

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,413 18,487 44,337
Median Age: 39.17 40.81 41.72
Households: 651 7,263 17,320

Contact

Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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