Lookout Valley Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30264279
Property Subtypes: Convenience Store, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 1,805 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $249,999
Unit Price: $138.50 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: O'Dell's Grocery Store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/11/2018

Overview / Comments

This block building has been Odell's Grocery for about 50-years but is now vacant and available for sale or lease (For Sale listing #30021102). It has excellent visibility on Cummings Hwy and will make a great small retail location. Daily traffic counts are about 14,000 cars per day. It is rumored that another fast food restaurant will be located next door.

The location is near the Cummings Hwy and Browns Ferry Road intersection. Several new retail and office developments or redevelopments have occurred near this location.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 154G K 004
Zoning: C-2
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Cummings Hwy and N. Ashter
Property Visibility: Excellent
Largest Nearby Street: I-24
Feet of Frontage: 140
Traffic/Vehicle Count: 13,320
Highway Access: I-24
Airports: Chattanooga Metro Airport
Site Description: The site is level and at street grade.
Area Description: This site is located in the busy section of Lookout Valley in Chattanooga, TN. Within 2 miles of to I-24 and plenty of retail such as Wal-Mart, Dollar Tree, and many restaurants.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,805 SF
Property Condition: Fair
Year Built: 1953
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Pt Lts 9 & 11 Blk 1 Tiftonia Sec No 1 Pb 11 Pg 6&7 3315 15 01

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,493 63,724
Median Age: 40.67 35.53
Households: 6,249 25,787

Contact

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