Development Opportunity Across from Cambridge Square

Special Purpose for Sale
Catylist Listing ID: 30180187
Building Size (RSF): 2,268 SF
Gross Building Area: 31,363 SF
Sale Price: $1,500,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Great visibility-investment opportunity across from new Cambridge Square Development. Building needs repair. Property is for sale or for lease!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 132H B 023
Property Located Between: Lee Hwy US 11 and Main St
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 175
Traffic/Vehicle Count: 33,000
Highway Access: Lee Highway US 11
Airports: Lovell Field Chattanooga
Site Description: Great visibility across from Cambridge Square Development. 1938 Building- value is in exterior design. Needs extensive repair.
Area Description: Road frontage on main thoroughfare of Lee Hwy. in the hub of projected development.
Year Built: 1938
Year Renovated: 1985
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Front and rear
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable
Interior Description: interior needs repair
Zoning Description: Commercial
Lot Frontage: 175
Lot Depth: 180
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lts 1,2&3 Park Place Addn Db11 Pages 46 2 & 463

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,012 21,827 55,087
Median Age: 36.38 40.21 39.75
Households: 824 8,057 19,755


Photograph of Listing Agent

Denise Leach

Engel & Volkers Greater Chattanooga REALTORS® Member
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