10K sf bldg 23rd Str & S Watkins 2 blcks from new Mill Town Dev.

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30742099
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Status: Pending
Building Size (RSF): 10,060 SF
Gross Land Area: 0.59 Acres
Sale Price: $700,000
Unit Price: $69.58 PSF
Property Use Type: Vacant/Owner-User
Building Name: former Health Club/Catolica Grupo Oracion
Usable Size (USF): 10,060 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

From 4th Avenue Exit off I-24 to E 23rd Street travel several blocks to 2311E 23rd Street. A former health club and present Grupo De Oracion Catolica multipurpose meeting building. Zoned M-1 this .59 acre site is a 10,060 sf brick and block building. Again currently used as Catolica Grupo Oracion meeting center. Excellent potential for for retail, wholesale, light warehouse or multitude of potential other uses. Easy access to I-24 east and west and the booming south and east side corridors of Chattanooga. Just down the block from new housing Mill Town and the high demand E Main Street corridor. Traffic Counts approximately 11,000 vehicles per day on 4th Avenue (exit off I-24). Excellent location with direct visibility from I-24 East and West, 118,000 vehicles per day.
Classified as urban infill with direct access and visibility of I-24 East and West.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033156G G 01400
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: E 23rd Street and S. Watkins Street
Property Visibility: Excellent
Largest Nearby Street: E 23rd Street
Feet of Frontage: 133
Traffic/Vehicle Count: 11,000
Highway Access: E 23rd Street to 4th Avenue to I-24 West or East
Airports: Chattanooga Lovell Field
Site Description: .59 acre, 10,060 sf building zoned M-1 twenty-five space parking at intersection of E 23rd Street and S Watkins Street.
Area Description: Directly off I-24 East and West at 4th Avenue turn right (east) on E 23rd Street one of main side streets into urban Chattanooga's southside. Classified as urban infill this area has excellent current and future potential for retail, wholesale, and mixed use development.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,000 SF
Property Condition: Average
Year Built: 1973
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Mixed Brick front and block building with blue contrasting front of building
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Surface and Side Street
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Gigabit
Interior Description: Large Open area on first floor with approximately 1600 feet in upstairs area.
Zoning Description: M-1
Lot Frontage: 131
Lot Depth: 186
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Single
Legal Description: Lt 39-42 Blk C Brocks Addn No 2 Pb5 Pg20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,500 83,111 147,887
Median Age: 30.32 36.18 36.9
Households: 4,412 33,395 61,027


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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