Lee Hwy; Repurpose for Retail / Office

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30579562
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Vehicle Related, Other
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 Acres
Sale Price: $790,000
Unit Price: $219.44 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2020

Overview / Comments

This 3600 sq ft stand-alone commercial building, within the Lee Hwy Business Center, may be easily re-purposed for Retail, Commercial or Office uses. Excellent visibility with frontage on well-trafficked 3-Lane Lee Hwy (TN Hwy 64) in the Bonny Oaks / Shallowford growth area. The Business Center contains four Commercial Spaces in four buildings with common frontage, ingress/egress and parking (60 Spaces): 1). Former Coin Op Laundry - 4400 sq ft, Ready for Re-Purposing; 2). Sherwin Williams Paint Store - 5,500 sq ft, National Brand; 3). Subject Property- Former Automotive Repair, 3600 Sq Ft, Ready for Re-Purposing; 4). City Electric Supply – 8320 sq ft, National Brand. Subject Property has deeded right to common access to Rear Parking / Expansion area through gated entry. This section of Lee Hwy between Shallowford Rd and Bonny Oaks is a growth corridor with uses in the immediate proximity such as: multi-family (1,000+ units), Grocery, Major Shopping, Medical, Office, Retail, Assisted Living and Mega-Churches.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 139I H 001.06
Retail Clientele: General, Business, Traveler, Other
Property Located Between: Shallowford Rd and Bonny Oaks
Property Visibility: Excellent
Largest Nearby Street: Frontage on Lee Hwy (TN HWY 64)
Feet of Frontage: 75
Highway Access: Lee Hwy to I-75 at either Bonny Oaks/Collegedale (Exit 7) or Shallowford Rd (exit 5)
Airports: Chattanooga Municipal
Area Description: Commercial Growth Corridor with Grocery, Office, Retail, Restaurant, Schools, Churches.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1999
Construction/Siding: Block, Metal Siding
Exterior Description: Block and Split Faced Block, Stand-alone building.Fascade Wall connects to adjacent building for flush appearance only.
Parking Type: Surface
Parking Description: Common Parking within the Business Center, 60 spaces total. Subject Property has rear lot available (for parking or other starage).
Interior Description: Office, Waiting Area, Customer Bath Room. Bay Area is open space/clear span construction. Mezzanine Storage on top of Office Roof.
Zoning Description: C2 Commercial.
Lot Frontage: 75
Lot Depth: 440
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Common Parking. Ingress/Egress for rear lot.
Legal Description: Lot 1B Cooper Edwards, Pb 72 Pg 111

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,262 42,113 112,091
Median Age: 41.76 40.46 39.83
Households: 2,520 17,900 45,461


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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