Honda of Chattanooga Property - Hwy 58

Retail-Commercial for Sale
Catylist Listing ID: 30585524
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 26,160 SF
Gross Land Area: 6.48 Acres
Sale Price: $2,600,000
Unit Price: $99.39 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former Honda of Chattanooga
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

The main building located at 4915 Hwy. 58 (Tax Parcel # 120O-J-012.08) was built in 1998, consist of approx. 20,560 SF. of Showroom / Parts / Service / and Warehouse areas which are currently being used for the Honda of Chattanooga Motorcycle Dealership. There is a separate free standing storage/warehouse building, built in 2006, which has approx. 5,600 SF bringing the total Building area to approx. 26,160 SF. The Buildings sit on approx. 2.08 acres of land and is zoned C-2. There is a separate parcel of vacant land that sits directly behind the dealership buildings, zoned C-2 and M-3 located at 4978 Gold Wing Way (Tax Parcel # 120O-J-012), containing approx. 4.4 acres +/- of flat level graded property, which also has a Cell Tower located in the far back right corner with monthly income that is also included in this Purchase.

Square footage and acreage is taken from the Tax Records and is deemed reliable but not guaranteed. Listing Agent has not measured the space / building and does not guarantee the accuracy of the number of square feet or acreage. Square feet and acreage need to be verified by Purchaser / Tenant.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 120O-J-012.08 & 120O-J-012
Zoning: C-2 & M-3
Retail Clientele: General, Business, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Highway 58
Feet of Frontage: 60
Traffic/Vehicle Count: 39,000
Highway Access: State Route Hwy. 58 and State Route Hwy. 153.
Airports: Chattanooga Airport
Site Description: Two Parcels - 4915 Hwy 58 (Tax Parcel # 120O-J-012.08) approx. 2.08 Acres and also 4978 Gold Wing Way (Tax Parcel # 120O-J-012) approx. 4.4 Acres.
Area Description: Located on Hwy. 58 near the Intersection of Jersey Pike and Hwy. 58. Close to Volkswagen Assembly Plant and Amazon.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1998
Year Renovated: 2006
Construction/Siding: Block, Metal Siding
Exterior Description: Block and Metal Siding.
Total Parking Spaces: 29
Parking Type: Surface
Parking Description: Paved Concrete Parking Surface.
Heat Type: Natural Gas
Internet Access: Gigabit
Interior Description: Currently has Large Climate Controlled Showroom with Air Conditioning and a Service Area and a Warehouse Area. There is a separate free standing detached building containing 5,600 SF as well.
Zoning Description: C-2 and M-3
Lot Frontage: 60'
Lot Depth: 330'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Hamilton County Tax Parcel # 120O-J-012.08 and Parcel # 120O-J-012

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,269 30,300 115,206
Median Age: 40.27 42.55 40.28
Households: 3,233 13,127 47,803

Contact

Photograph of Listing Agent

Russell P Elliott

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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