Catylist ID:
#2032666
Office/Retail Location - 3955 Dayton Blvd.
Shopping Center
for Sale
| Catylist Listing ID: | 2032666 |
| Property Subtypes: | Strip Center |
| Building Size (RSF): | 5,166 SF |
| Gross Land Area: | 0.51 Acres |
| Sale Price: | $450,000 |
| Unit Price: | $87.11 PSF |
| Property Use Type: | Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 5.0% |
| Last Updated: | 5/3/2022 |
Overview / Comments
|
Excellent Retail/office building conveniently located in the heart of Red Bank. 100% leased up. Based on YE 2021 financials cap rate is 5%. Single Level Layout, off street parking with Dayton Boulevard visibility. Traffic Count: 14,511 cars per day near intersection of Morrison Springs Road and Dayton Boulevard. Located between Morrison Springs Road and Ashland Terrace. Directions: – From I-75 to South Hixson Pike exit. Turn right onto Ashland Terrace. Turn left onto Dayton Blvd. Destination on your right. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Tax ID/APN: | 033109P F 00101P000 |
| Zoning: | COMMERCIAL |
| Retail Clientele: | General |
| Property Located Between: | Morrison Springs Road and Ashland Terrace. |
| Side of Street: | West |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Dayton Blvd |
| Feet of Frontage: | 102 |
| Traffic/Vehicle Count: | 14,511 |
| Area Description: | Retail |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Year Built: | 1980 |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Zoning Description: | Commercial |
| Lot Frontage: | 102.25 |
| Lot Depth: | 207.77 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Pt Lt 1 Resub Lts 1&2 Rankin Sub 32 -26 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,426 | 42,637 | 92,756 |
| Median Age: | 39.39 | 38.48 | 39.73 |
| Households: | 2,538 | 19,057 | 39,850 |
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