Hwy 58 Re-development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30192037
Property Subtypes: Car Wash, Restaurant, Retail-Pad, Other
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $325,000
Unit Price: $216.67 PSF
Property Use Type: Business
Building Name: Retail - Fast Food Pad Site
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2018

Overview / Comments

Great development opportunity for Fast Food / Retail on Hwy 58 in Chattanooga, TN. Site is at the lighted intersection of Hwy 58 and Webb Road, Chattanooga, TN. Property is on the inbound side of Hwy 58 just east of the Hwy 153 Business Corridor in Chattanooga. The site has incredible traffic counts of 30,000+ per day.

Current city/county property taxes are $4,100 per year.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129 B B009
Property Visibility: Excellent
Largest Nearby Street: TN Hwy 58
Traffic/Vehicle Count: 30,000
Highway Access: Yes
Airports: Yes
Site Description: Lighted intersection on the coming-into-town side.
Area Description: Property is located in the heart of retail and fast food locations.
Tenancy: Single Tenant
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,871 34,158 114,099
Median Age: 40.67 40.63 39.68
Households: 2,653 15,156 47,569


Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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