Lee Hwy; Commercial Bldg

Retail-Commercial for Sale
Catylist Listing ID: 30280600
Property Subtypes: Day Care Facility, Free-Standing Building, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 4,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $550,000
Unit Price: $125 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

Retail Building on its own lot with frontage on busy Lee Hwy between Shallowford Rd and Bonny Oaks. Located in a neighborhood business center with automotive, home improvement and other retail. New Improvements to Parking Lot (resurface/stripe) and Landscaping sharpen the appeal of this Business Plaza. Excellent visibility at this location on high traffic commuter and business route. Surrounding uses include new 400-employee Call Center, Multi-Family Complexes (1300 Units in 1 mile radius), Single Family Residential, Commercial, Mega Churches, Super Markets, Regional Mall Hamilton Place. Parking is Common with other Business Center Tenants in approx. 65 spaces in the front. Current use is owner's Coin Operated Laundry Business. Purchase of Coin-Op Laundry would be separate and additional for total of $750,000. Property is on it's own subdivided lot and separate Tax Parcel.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 139I H 001.07
Zoning: COMMERCIAL C-2
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Shallowford Rd and Bonny Oaks
Property Visibility: Good
Largest Nearby Street: Frontage on Lee HWY, State Rt 64 / 11
Feet of Frontage: 54
Highway Access: Frontage on Lee Hwy (State Rt 64/11). 1.3 mile to I-75 at Shallowford Rd...Exit 5. 1.1 mile to I-75 at Bonny Oaks...Exit 7.
Airports: Chattanooga Municipal
Site Description: Existing Construction. Paved Parking with 60+ Spaces (common with Business Center).
Area Description: Lee Hwy is a busy Commercial Corridor and major connector between Shallowford Rd and Bonny Oaks Drive. Area uses include Multifamily, Retail, Regional Mall, Grocery, Mega Churches.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,400 SF
Property Condition: Good
Year Built: 2007
Roof Type: Flat
Construction/Siding: Concrete, Metal Siding
Exterior Description: Split Face Block, Shop Front Glass, Façade with next door building...each are independent / Stand Alone buildings
Total Parking Spaces: 65
Parking Type: Surface
Parking Description: 65 Spaces shared in common with Business Center occupants
Interior Description: Open design. Gas Utility connected.
Zoning Description: Commercial C-2, city of Chattanooga
Lot Frontage: 54
Lot Depth: 402
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: Common Parking with Business Center
Land Ownership: Fee
Legal Description: Lot 3 Cooper Edwards Sub Pb 82 Pg 19 0 Out of 139I H 001.03 for 2007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,262 42,113 112,091
Median Age: 41.76 40.46 39.83
Households: 2,520 17,900 45,461

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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