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.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 100H A 009.02
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

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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


Photograph of Listing Agent

Cliff Butler

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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