Prime Commercial Corner | Sale Creek | On Dayton Pike

Retail-Commercial for Sale
Catylist Listing ID: 30789921
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 5,855 SF
Gross Land Area: 1.32 Acres
Sale Price: $575,000
Unit Price: $98.21 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 5,855 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

This property is a prime corner in Sale Creek on Dayton Pike only 5 minutes away from the new proposed Sale Creek Industrial Park. It is situated right next to the Sale Creek Post Office and is around the corner from the Sale Creek Middle/High school.

The sale includes 3 different parcels which must be purchased together. Together all 3 parcels equate to almost 1.5 acres of flat land. The road frontage wraps from Dayton Pike around Leggett Rd up to the drive way of the house. With road frontage totaling 280 feet, there is great visibility from north and south bound traffic. There are 4 traffic lanes with a center turning lane.

Parcel #1: 15115 Dayton Pike
Parcel #2: 103 Leggett Rd
Parcel #3: 15110 Rogers Rd

This corner would be perfect for a gas station, convenience store, retail, or office building. The possibilities are endless. You could use the existing buildings or some portion of them or build new. The traffic count on Dayton Pike is over 16,000 cars per day and this property is situated perfectly for traffic going south-bound. There are two existing buildings on the properties with great bones. These buildings could easily be leased out for immediate profit.

Interior pictures of left building coming soon.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 014L B 004 & 014L B 005 & 014L B 007
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Dayton Pike, Leggett Rd, & Rogers Rd
Property Visibility: Excellent
Largest Nearby Street: Dayton Pike
Feet of Frontage: 280
Traffic/Vehicle Count: 16,200
Highway Access: Located on Hwy 11/Dayton Pike.
Airports: Chattanooga Metropolitan Airport (CHA)
Site Description: The site is level and cleared on front two parcels while the back parcel is more wooded.
Area Description: In 2019, Sale Creek, TN had a population of 2.78k people and a median household income of $56,333. In 2019, the median property value in Sale Creek, TN was $154,300, and the homeownership rate was 87.2%. Most people in Sale Creek, TN drove alone to work, and the average commute time was 35.6 minutes. The average car ownership in Sale Creek, TN was 2 cars per household. The new Sale Creek Industrial Park is expected to bring an abundance of traffic and activity to the area.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1977
Construction/Siding: Block
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: There is parking in front of the larger building and to the side of the smaller building. The vacant lot behind the larger could be turned into parking if needed.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Interior Description: Larger bldg has HVAC. Smaller building has window units.
Zoning Description: C2 (Local Business Commercial District, intended for retail, consumer service, financial, restaurant, and office uses)
Lot Frontage: 280
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal, Septic
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 991 3,104 11,339
Median Age: 44.96 45.35 42.3
Households: 421 1,243 4,415

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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