Commercial Building *Unique Opportunity in Dunlap, TN*

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30756284
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 6,374 SF
Gross Building Area: 6,734 SF
Gross Land Area: 2.10 Acres
Sale Price: $395,000
Unit Price: $61.97 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Wonder World
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

A unique opportunity in Dunlap, TN!
Large commercial building in Dunlap, TN. Over 6,000 sq feet, currently contains 3 separate small businesses; flooring store, recreation center, and tanning salon, and an apartment with a separate entrance. This building could be completely repurposed, or the businesses could continue to run as is. Seller is willing to help with a transition should new owner choose to continue the operations.

The recreation center provides a community swimming pool, and arcade style entertainment and pool tables. Pool furniture, and equipment will remain. (Billiard tables and arcade games are leased, leases could transfer.) This is the only community pool in the area and stay very busy from May through August.

Tanning Salon; Offers 6 tanning beds, and one stand up booth. Tanning beds and all supplies to remain. This business seems to be a year round business.

Flooring store; With all the construction and remodeling this business has continue to be successful.

The apartment space is currently being used as a storage room. However it could be converted back to an apartment.

There are a few personal items the owner will be taking. If a new owner chooses to continue operating the business's it will be turn key.

Additional Details

Nearest MSA: Chattanooga
County: Sequatchie
Taxing Authority: Sequatchie County
Tax ID/APN: 077054 06005
Zoning: C-1
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Hwy 127 and John Burch Road
Property Visibility: Excellent
Largest Nearby Street: Hwy 127
Feet of Frontage: 187
Traffic/Vehicle Count: 315
Highway Access: Minutes from Hwy 127
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1982
Parking Type: Surface
Heat Source: Central
Zoning Description: C-1
Lot Frontage: 187
Lot Depth: 314
Water Service: Municipal
Land Ownership: Owned
Legal Description: Commercial Swimming Pool

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,663 3,569 8,657
Median Age: 37.52 37.95 40.09
Households: 1,014 1,385 3,350

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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