Commercial Center - Ringgold GA

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30168066
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 6,000 SF
Gross Land Area: 0.73 Acres
Sale Price: $850,000
Unit Price: $141.67 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: 4/13/2022

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 is an investment purchase of the income producing real estate.

1. Investment - Current Tenants:
a. Cellular Sales Tenant - 2850 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 three year lease term.
3. Coin Op Laundry Tenant occupies 2150 sq ft under 10 yr lease term.

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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