Heritage Plaza: 5 Unit Business Center

Shopping Center for Sale
Catylist Listing ID: 30317339
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 8,262 SF
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $639,000
Unit Price: $77.34 PSF
Property Use Type: Investment
Building Name: Heritage Plaza
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 8/14/2018

Overview / Comments

Fully occupied mix-use shopping center located on the growing end of Lee Highway. Property has a great rental history with long term tenants and has been 100% occupied by the current tenants since 2013.
There is a potential for an additional $15,000 in rental income per year based on current rental rates for this area.
Major Repairs in the past 5 years include a new roof, HVAC and plumbing repairs in one of the units.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033139J F 00800P000
Zoning: C-2
Retail Clientele: Business
Property Located Between: Bonny Oaks Dr. and Shallowford Rd.
Largest Nearby Street: Lee Highway
Feet of Frontage: 190
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1987
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Lot Frontage: 190
Lot Depth: 274
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Se 1/4 Sec 35 Two 5 R 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,152 42,640 102,206
Median Age: 43.29 40.31 39.63
Households: 2,272 17,244 41,253

Contact

Photograph of Listing Agent

Brianne Lee

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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