McCallie Ave ***Redevelopment Opportunity***

Retail-Commercial for Sale
Catylist Listing ID: 30337165
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 25,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 - 1.10 Acres
Sale Price: $950,000
Unit Price: $38 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Presley Equipment
Usable Size (USF): 10,052 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/6/2019

Overview / Comments

The property is "almost" one full block from the corner of McCallie Ave and N Holly St to McCallie Ave to N Highland Park Ave. There are 2 buildings on the property, one of which needs to be demolished. The square footage on this building per tax records is 15,000. The main building is the building the owner uses to run his business. It is 10,000 square feet per the tax records. Owner is ready to retire.

The main building has steel beams and truss's with a ceiling height in the back of the building up to 25' or so. The structure of this building seems to be solid and could be refurbished to a beautiful structure.

There is a lot between the 2 structures that would make excellent parking for a retail business, plus parking along McCallie Ave.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 146G L 014 & 146G L 013
Zoning: M 1
Retail Clientele: General, Business
Property Located Between: N Holly and N Highland Park
Property Visibility: Excellent
Largest Nearby Street: Holtzclaw
Traffic/Vehicle Count: 15,142
Highway Access: I 24
Airports: Chattanooga Metropolitan Airport
Site Description: Older building, needs to be cleaned out and rehabbed
Area Description: Located in an area of tremendous growth and development.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1930
Construction/Siding: Block
Zoning Description: M-1
Lot Frontage: 353'
Lot Depth: 135'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lts 12-15 Blk 21 Orchard Knob Sub P B1 Pg41 0076 17 05

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,322 76,333 143,923
Median Age: 33.37 35.3 36.7
Households: 4,043 30,689 59,959


Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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