Shopping Center near Northshore

Shopping Center for Sale
Catylist Listing ID: 30408702
Property Subtypes: Strip Center
Building Size (RSF): 45,365 SF
Gross Building Area: See Agent
Gross Land Area: 6 Acres
Sale Price: $2,700,000
Unit Price: $59.52 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2021

Overview / Comments

The Shopping Center is ready for the next owner to remodel or redevelop. Site plan shown gives you an idea of what’s possible.

Price adjusted because of the new roof installed March 2021 on the entire Save-A-Lot building.

Save-A-Lot building is 26165sf with 14ft ceilings and 2 loading docks. Currently occupied but tenant has plans to relocate.

The strip center has 2 short term tenants 19200sf total space. Gas heat.

This Shopping Center is located in the emerging retail corridor linking Northshore to Hixson and drawing from the Signal Mountain population. Excellent growth in housing sales within the city of Red Bank. Excellent access and visibility to Dayton Blvd and less than a mile from I-27.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 126C G 001
Retail Clientele: Business
Property Located Between: Dayton Blvd, Sweetland Dr and W. Ridgewood Ave.
Property Visibility: Good
Largest Nearby Street: Dayton Blvd
Feet of Frontage: 876
Traffic/Vehicle Count: 20,000
Highway Access: On minutes from Hwy 27 and Interstate 24.
Airports: Chattanooga
Site Description: Shopping Center with several spaces ready for remodel or development.
Area Description: Growth area only minutes to Northshore. High volume of single family homes and new/remodeled apartments.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1974
Construction/Siding: Block
Parking Type: Surface
Parking Description: Paved
Sprinklers: Wet
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial total of 318505.13sf of land.
Lot Frontage: 800
Lot Depth: 396
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Pt Lts 55 & 56 Smartt Edmondson & C Oker N/R

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,100 47,541 108,290
Median Age: 33.07 38.22 37.88
Households: 3,830 21,087 45,274


Photograph of Listing Agent

Cliff Butler

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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