Strip Center

Shopping Center for Sale
Catylist Listing ID: 30286167
Property Subtypes: Strip Center
Building Size (RSF): 30,883 SF
Gross Land Area: 0.71 Acres
Sale Price: $1,400,000
Unit Price: $45.33 PSF
Ceiling: 16 ft.
Property Use Type: Investment
Usable Size (USF): 30,883 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.3%
Average Occupancy Rate: 110
Last Updated: 11/8/2018

Overview / Comments

This is a 30,883 SQ FT strip center in the middle of East Ridge TN. The ceiling height is 16 Foot. This property has 7 retail spaces available to lease and currently has 5 tenants. The available 2 spaces consist of 9063 Sq Ft. With out these spaces rented it still carries a 9.3 cap rate.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033169G J 02500P000
Retail Clientele: General
Property Located Between: I 75 and McBrian RD
Property Visibility: Excellent
Largest Nearby Street: McBrian RD
Feet of Frontage: 500
Highway Access: 3 miles to I75
Airports: Chattanooga Airport approx 4 miles
Site Description: level
Area Description: General Business
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2000
Construction/Siding: Block
Parking Ratio: 60 (per 1000 SF)
Parking Type: Surface
Parking Description: 500 ft front of building to road
Interior Description: built to suite the occupants
Zoning Description: C2
Lot Frontage: 500
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,397 73,606 155,211
Median Age: 38.56 37.36 37.27
Households: 4,707 30,993 63,943


Photograph of Listing Agent

John R Rewcastle

RE/MAX Properties Greater Chattanooga REALTORS® Member
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