Retail/Medical/Office Building for Sale on Signal Mountain

Retail-Commercial for Sale
Catylist Listing ID: 30469595
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 2,960 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $167.23 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former State Farm Office
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2019

Overview / Comments

Ridgeway Avenue (Hwy 127) is the main thoroughfare entering and exiting Signal Mountain. Daily traffic counts average 15,344. This property is in an ideal location giving it the highest visibility for any type of business.

The property has been well cared for over the years. It has new energy efficient windows, new wiring and HVAC. The roof is in great shape. The interior has no support walls (only two post) which allows for unrestricted design options.

The building shares an interior common wall with Signal Mountain Pharmacy who has been in business for 25-30 years. To the left of the building is a large shared parking lot that has plenty of parking to accommodate both buildings.

Inside the space is a large lobby, two large bullpen areas, two offices, storage and bathroom. The property has an income producing space in the rear of the building with its own private side entrance. Currently, this space is leased to Signal Mountain Alterations.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033108I G 00100
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Ridgeway Avenue (Hwy 127) and Ladder Trail
Property Visibility: Excellent
Largest Nearby Street: Ridgeway Avenue
Feet of Frontage: 40
Highway Access: Direct access to Hwy 127 and only minutes from Hwy 27.
Airports: 21 miles to Chattanooga Airport
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,960 SF
Property Condition: Average
Year Built: 1955
Roof Type: Flat
Construction/Siding: Block
Exterior Description: This block building with a brick store front has excellent visibility from Hwy 127. There is convenient parking in front of building and a large shared surfaced parking lot to the left of the building.
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: The 10 parking spaces are located in front of the building and another 15-20 spaces are to the left of the building.
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Lot Frontage: 40 Feet
Lot Depth: 74 Feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,740 27,475 64,921
Median Age: 51.2 39.9 39.55
Households: 1,580 12,051 28,075

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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