Target Shadow Development Site

Retail-Commercial for Sale
Catylist Listing ID: 30330857
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 18,504 SF
Gross Land Area: 43,995 SF
Sale Price: $1,300,000
Unit Price: $70.26 PSF
Property Use Type: Investment, Business
Building Name: 153 Building
Sale Terms: Cash to Seller
Last Updated: 4/8/2020

Overview / Comments

Shadow site of Target/Best Buy. Currently mixed use of Apartments and Retail. 10 one bedroom apartments are on the second floor in the rear with plenty of parking. The ground floor retail off Hwy 153 and raps around on the side. Potential income producing property. Would make a great national development site. Billboard has been removed. Current tenants are month-to month.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, TN
Tax ID/APN: 099L E 011
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Hwy 153 and Berean Ln. Hixson, TN
Property Visibility: Excellent
Largest Nearby Street: Chattanooga TN
Feet of Frontage: 150
Highway Access: Corner Property with direct access to Hwy 153.
Airports: Chattanooga
Site Description: Off Hwy 153 next to Target. Connected to Hwy 153 and Berean Ln (side street). Stop sign on Berean Ln.
Area Description: Neighboring Target Shopping Center and minutes from Super Wal-Mart. Northgate mall is only a few miles away also.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973
Parking Description: Front, side and rear parking available.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Other
Air Conditioning: Other
Internet Access: Gigabit
Interior Description: Drywall or paneling walls with carpet.
Zoning Description: Commercial with Multi-Family
Lot Frontage: 150
Lot Depth: 294
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Has a set back in the front for utilities as other properties on Hwy 153.
Land Ownership: Owned
Legal Description: W H & George W Hamill Division N/R Pu1938 1840A 01B 05

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,889 38,241 90,457
Median Age: 38.23 41.24 40.45
Households: 3,364 16,867 38,612

Contact

Photograph of Listing Agent

Cliff Butler

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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