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: 3/31/2021

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

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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


Photograph of Listing Agent

Jonathan Campbell

Keller Williams Realty Greater Chattanooga REALTORS® Member
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