Hwy 58 shopping center
Shopping Center
for Sale
| Catylist Listing ID: |
30630447 |
| Property Subtypes: |
Fashion/Specialty, Mixed Use, Neighborhood Center, Outlet Center, Regional Mall, Strip Center, Other
|
| Building Size (RSF): |
6,084 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.60 Acres
|
| Sale Price: |
$499,000 |
| Unit Price: |
$82.02 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
8.4% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/21/2020 |
Overview / Comments
|
Strip mall available with 8 fully leased units. Great opportunity for someone looking for a small easy to manage investment. The total rents coming in are $4075 per month. Paved large parking lot. Large sign with signage opportunity for each of the tenants. Great traffic counts on Highway 58 and access to large neighborhoods, and commuters that provide great clientele for these service oriented tenants. A great mixture of repair shop, gold buying and selling, beauty salons, and service techs. Tenants have not missed a beat in the current pandemic and have a good track record , and payment history. Located next door to Hardees, Physicians Care, and many other destination businesses .
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033129B C 00300 |
| Zoning: |
C-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
Hardees, and Physicians care |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy 58 |
| Feet of Frontage: |
85 |
| Traffic/Vehicle Count: |
30,000 |
| Highway Access: |
located on highway 58, within a mile of access to highway 153 and 75,24 intersections. 6 miles from airport and close to all other major arteries to get in and around Chattanooga TN . |
| Airports: |
Chattanooga Airport within 10 minutes |
| Site Description: |
85ft of road frontage on Hwy 58 |
| Area Description: |
Great area for retail opportunities. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Poor |
| Year Built: |
1969 |
| Roof Type: |
Arched |
| Construction/Siding: |
Brick |
| Exterior Description: |
Shingled roof, brick and siding with concrete foundation. |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking lot with great potential for additional parking if needed. |
| Total Parking Spaces: |
50 |
| Sprinklers: |
None |
| Internet Access: |
Gigabit, Fiber Optic |
| Zoning Description: |
C-2 |
| Lot Frontage: |
85ft |
| Lot Depth: |
228ft |
| Water Service: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,769 |
33,709 |
113,322 |
| Median Age: |
40.01 |
41.58 |
39.99 |
| Households: |
3,816 |
14,636 |
46,878 |
|
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