Catylist ID:
#30168066
Commercial Center - Ringgold GA
Shopping Center
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30168066 |
| Property Subtypes: | Strip Center |
| Status: | Pending/Contingent |
| Building Size (RSF): | 6,000 SF |
| Gross Land Area: | 0.73 Acres |
| Sale Price: | $950,000 |
| Unit Price: | $158.33 PSF |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User, Business |
| Usable Size (USF): | 6,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 11/11/2020 |
Overview / Comments
|
This Strip Center is part of the overall growth of north Georgia and an example of the resurgence of Ringgold GA. Owing to recent construction with contemporary design / materials, this center is one of the more distinctive properties in the downtown Ringgold Business District. Located on a busy 4-Way Lighted Intersection with excellent visibility, this center definitely 'pops'. Offered here in this listing are a variety of types of ownership / investment / business. 1. Business - Seller currently owns and operates the Coin-Op Laundry located within approx. 2000 sq ft of the center. The purchase will include the 'Ringgold Coin Laundry' business, equipment and space currently occupied. 2. Investment - Current Tenants: a. Cellular Sales Tenant occupies approx. 3000 sq ft under a five yr lease (from Oct 2014), two year extension effective. b. Office Tenant occupies approx. 1,000 sq ft under a MTM agreement (close relation of the Seller). Office Tenant would sign lease with reasonable terms to new owner, if desired. 3. Owner Occupant - Respecting the Cellular Sales leasehold, Buyer may choose to pursue other uses in the balance of the center, install their own business interests, assume and operate the current business or a combination of both. Additional information is available to qualified interests with serious inquiry. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Catoosa |
| Taxing Authority: | Catoosa County, City of Ringgold |
| Tax ID/APN: | R0060-037 |
| Zoning: | COMMERCIAL |
| Property Located Between: | I-75 and Ringgold High/Middle School |
| Largest Nearby Street: | Fontage on HWY 76, 1 mile to I-75 |
| Highway Access: | Hwy 76, 1 mile to I-75 "Ringgold" Exit 374 |
| Airports: | Chattanooga Municipal |
| Site Description: | Corner Commercial Lot, Level |
| Area Description: | Downtown Ringgold GA |
| Year Built: | 2012 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,575 | 16,022 | 36,406 |
| Median Age: | 35.17 | 36.89 | 37.93 |
| Households: | 681 | 6,033 | 13,489 |
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