1.18AC Development Opportunity / Shopping Center for Sale Hwy 153
Retail-Commercial
for Sale
| Catylist Listing ID: |
30216601 |
| Property Subtypes: |
Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
|
| Building Size (RSF): |
7,200 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.18 Acres
|
| Sale Price: |
$1,400,000 |
| Unit Price: |
$194.44 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Northwood Shopping Center |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
50 |
| Last Updated: |
5/8/2022 |
Overview / Comments
|
This shopping center is in the heart of the growth area on Hwy 153. Located between Super-Walmart and Target. Center could be remodeled or the 1.18AC could be developed. 1031's welcomed.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Hamilton County |
| Tax ID/APN: |
100H A 009.02 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General |
| Property Located Between: |
Super-Walmart and Target on Hwy 153 |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Hwy 153 |
| Feet of Frontage: |
293 |
| Traffic/Vehicle Count: |
40,000 |
| Highway Access: |
Two entry/exits |
| Airports: |
Chattanooga |
| Site Description: |
Great location. |
| Area Description: |
High growth area. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Fair |
| Year Built: |
1979 |
| Year Renovated: |
1979 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Parking Description: |
Plenty of parking as the building sets. |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Gigabit |
| Interior Description: |
Built out with tenant. |
| Zoning Description: |
Commercial |
| Lot Frontage: |
293.12 |
| Lot Depth: |
212.97 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Legal Description: |
Lt 1 Richard E Carmack Sub Pb30 Pg1 46, 36-29 Er5123 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,223 |
40,521 |
86,026 |
| Median Age: |
39.45 |
41.83 |
40.4 |
| Households: |
3,029 |
17,523 |
36,842 |
|
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