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.
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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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