Shopping Center With Restaurant Space

Retail-Commercial for Sale
Also listed as Shopping Center, Business Opportunity
Catylist Listing ID: 30785264
Property Subtypes: Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.04 Acres
Sale Price: $2,200,000
Unit Price: $110 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

Phenomenal opportunity to own an amazing commercial strip center on a 3-acre level lot with ample parking. Located right off HWY 27 beside the Walmart SuperCenter in LaFayette, GA.
So many possibilities for multiple tenants with one 3,000 sf Restaurant Space Completed (Former Rafael's), two 5,000 sf spaces, and one 7,000 sf space (that could be divided) all available for immediate occupancy. RETAIL, OFFICE, Storage/Warehouse, or RESTAURANT!!!

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: 10034 006
Retail Clientele: General, Family, Business
Property Located Between: GA Hwy
Property Visibility: Excellent
Largest Nearby Street: GA Hwy 27
Highway Access: Less than 1/8 of a mile off GA Hwy 27
Airports: Small La Fayette Airport and 25 miles to Chattanooga, TN Airport
Site Description: Strip Plaza with 5-6 storefronts for multiple business opportunities for tenant lease income, one was previously a pizza restaurant that could be turn-key. Level parking lot with ample parking for customers and employees right off HWY 27 beside the Walmart Super Center. New 119 house residential community being developed behind the building for huge business and area growth potential.
Area Description: Growing Community in the heart of LaFayette, GA Walker County.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 20,000 SF
Property Condition: Good
Year Built: 2003
Construction/Siding: Block, Brick
Exterior Description: Brick and Block, Large window fronts, and glass entry doors on each space.
Total Parking Spaces: 70
Parking Type: Surface
Parking Description: Level front and side parking lot with delivery options at the rear.
Internet Access: Cable
Interior Description: Presently there is one 3,000 sf Restaurant Space Completed (Former Rafael's) , two 5,000 sf spaces, and one 7,000 sf space that could be divided all available for immediate occupancy.
Zoning Description: C1 Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Ptll 263 8/4 Tr 4 Annie Shahan Landlot: 263 Landdist: 8/4

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,107 17,076
Median Age: 38.61 39.12
Households: 2,436 6,342


Photograph of Listing Agent

Shirley D Moore

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Erik Palmer

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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