Chattanooga Strip Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30674081
Property Subtypes: Strip Center
Building Size (RSF): 4,000 SF
Gross Land Area: 0.65 Acres
Sale Price: $719,000
Unit Price: $179.75 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2021

Overview / Comments

Community Strip Center FOR SALE AND FOR LEASE in expanding East Brainerd / Ooltewah area (Chattanooga, Tennessee's fastest growing residential market). Excellent location along busy Standifer Gap Road at the intersection of Bill Reed Road. A short 5 minute drive to over 500+ new premium home-sites in the area in addition to upper household incomes and strong traffic counts as one of the main arteries to Ooltewah Ringgold Road and Apison Pike secures this valuable location as an ideal community center for years to come!

Currently under renovation; all units will be ready for tenant occupancy by January/February 2021. 4,000 SF of space broken up into 3 spaces: (2) 1,000 SF units and (1) 2,000 SF unit. New TPO roofing and insulation along with new HVAC units and all new renovated interiors.

Call agent, Chuck Davis, TODAY (423.645.3785) for additional info or to schedule a personal tour!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 149 027.02
Zoning: C-2
Retail Clientele: General, Business, Other
Property Located Between: Bill Reed Road and Autumn Chase Drive
Property Visibility: Excellent
Largest Nearby Street: Bill Reed Road
Feet of Frontage: 145
Highway Access: Minutes to I75.
Airports: Chattanooga Metropolitan Airport
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Good
Year Built: 1989
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2
Lot Frontage: 145
Lot Depth: 207
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt 1 Edwards Sub On Standifer Gap R D Pb 45 Pg 35

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,361 40,893 87,069
Median Age: 42.12 39.38 39.28
Households: 1,846 15,408 34,667


Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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