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
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

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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


Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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