Commercial Center - Ringgold GA

Shopping Center for Sale
Catylist Listing ID: 30168066
Property Subtypes: Strip Center
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: 12/5/2021

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. Occupancy since 2014; now under 2 year extension with a 2 yr option remaining.
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
Property Located Between: I-75 and Ringgold High/Middle School
Property Visibility: Excellent
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, Lighted Interchange. Level. Some Portion of the Lot may be affected by 100 yr flood zone. Building FFE is one foot above Base Flood Elevation.
Area Description: Downtown Ringgold GA
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Property Condition: Good
Year Built: 2012
Parking Ratio: 5.3 (per 1000 SF)
Parking Description: Common Parking; Grade Level with Building Entrance, 32 spaces.
Total Parking Spaces: 32
Zoning Description: City of Ringgold GA C1 Neighborhood Commercial
In Flood Plain?: Yes
Lot Frontage: 150
Lot Depth: 170

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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


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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