Automotive Repair | Gas Station | C-Store

Retail-Commercial for Sale
Catylist Listing ID: 30473474
Property Subtypes: Convenience Store, Free-Standing Building, Retail-Pad, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 4,913 SF
Gross Land Area: 0.80 Acres
Sale Price: $680,000
Unit Price: $138.41 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Forester’s Tire & Auto Repair
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/13/2019

Overview / Comments

For Sale | Automotive Repair, Gas Station, C-Store

Current successful owner and operator is Forester’s Tire & Auto Center. Business will vacate with sale of property.

This property sits on the corner of Hixson Pike and Fairfax Drive in between the entrance to Ashland Terrace and the split to N. Access Road. It is a large corner lot with ~266’ of frontage on Hixson Pike. Two curb cuts enter/exit onto Hixson Pike and one to Fairfax Drive.

From right to left - the building is made up of three sections:
- 3 car garage
- central office, entry
- convenience store with restrooms

All four (4) gas pumps are inactive but could be turned on and reactivated at any time. Underneath the parking lot are four (4) 10,000-gallon fiberglass tanks and one 1,000-gallon waste oil tank. All service work and paperwork on tanks, pumps and entire system is up-to-date with the TN Department of Environment and Conservation, Division of Underground Storage Tanks. There is a canopy over the pumps. Current signage covers a digital pricing sign.

The main c-store room contains two restrooms. There is also a restroom in the garage section. There are several storage rooms and a small back office.

There are three full service car bays with roll-up doors in each. Center bay has a 6,000 lbs alignment lift rack.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga City / Hamilton County
Tax ID/APN: 033118D B 00200
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Ashland Terrace and N. Access Road
Property Visibility: Excellent
Largest Nearby Street: Hixson Pike
Feet of Frontage: 266
Traffic/Vehicle Count: 21,540
Highway Access: Easy access to Highway 153 & 319 (DuPont Parkway)
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade. Pumps and canopy in the center with vehicle bays on the right and retail on the left. Located on the corner of Hixson Pike and Fairfax Drive in between Ashland Terrace and N. Access Road
Area Description: Hixson Pike is a major thoroughfare in the North Chattanooga area. This is a busy commercial node with a busy Walmart Neighborhood Market anchoring the area that is surrounded by residential neighborhoods.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,913 SF
Property Condition: Good
Year Built: 1964
Roof Type: Arched
Construction/Siding: Block
Parking Type: Surface
Parking Description: Sizable areas on each side of the building. One side currently in use as rental truck parking. Lots of open space next to and out of the way of the roll-up doors.
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Engineered System
Zoning Description: C2 | Commercial
Lot Frontage: 266’
Lot Depth: 108’ / 159’
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,824 40,274 113,803
Median Age: 38.88 38.64 39.51
Households: 2,950 18,173 49,226

Contact

Photograph of Listing Agent

Riley Kurtts

KW Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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