FOR SALE 5919 LEE HIGHWAY

Retail-Commercial for Sale
Catylist Listing ID: 30342980
Building Size (RSF): 15,500 SF
Gross Land Area: 0.88 Acres
Sale Price: $960,000
Unit Price: $61.94 PSF
Property Use Type: Business
Usable Size (USF): 15,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2019

Overview / Comments

Prime location: In the midst of Chattanooga's new growth plan called Gateway to Chattanooga...including Amazon's newest distribution center, Chattanooga Metropolitan Airport, Hotels, and sidewalks and vintage street lamps...currently underway. This 15,500 sq ft +/- building fronts Lee Hwy and Provence Street. The current signage is grandfathered in and remains. The site features plenty of parking for retail sales along with semi-truck loading dock. Roof is approximately 7 years old and has a current warranty. Current zoning is C2. Lee hwy road frontage is 186 ft+/- and Provence Rd frontage is 313 ft+/-. Conveniently located to interstate I-75 and crossroads Hwy 153. Easy access to I-24 as well. One block to the rear of building is Airport Rd intersecting with Provence Rd. Must see to appreciate. This site and location has longevity due to current demographics and traffic count and accessibility to multiple major highways combined with city plans and current development of surrounding site.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga and Hamilton County
Tax ID/APN: 158A D 005.01
Zoning: C2
Retail Clientele: Business, Recreation
Property Located Between: Lee Hwy and Provence Rd
Property Visibility: Excellent
Largest Nearby Street: Lee Highway
Feet of Frontage: 186
Highway Access: Airport Rd, Lee Highway, Brainerd Rd, East Brainerd Rd
Airports: CHATTANOOGA METROPOLITAN
Area Description: Commercial
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1972
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 186 ft
Lot Depth: 313 ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 2 Divison Of Owen C Maddox Prop Erty Pb26 pg343

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 56,709 150,518
Median Age: 34.36 39.48 38.6
Households: 2,161 25,489 62,540

Contact

Photograph of Listing Agent

James Perry

The James Company Real Estate Greater Chattanooga REALTORS® Member
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