Commercial Property on Hwy 58

Shopping Center for Sale
Catylist Listing ID: 30345333
Property Subtypes: Strip Center
Building Size (RSF): 6,084 SF
Gross Building Area: See Agent
Gross Land Area: 25,700 SF
Sale Price: $395,000
Unit Price: $64.92 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/7/2019

Overview / Comments

This is a shopping center containing approximately 6,048 sq ft and situated on approximately 25,700 sq ft of land. This building was originally constructed in 1969. The property is 100% leased with approximate gross annual rental income of $54,000. Net annual rental income has been estimated at $35,000 which is below market rent.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129B C 003
Zoning: COMMERCIAL
Property Visibility: Good
Largest Nearby Street: Hwy 58 and Hwy 153
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1969
Construction/Siding: Brick
Legal Description: Lt 2 Franco Inc Sub Pb39 Pg68 Rev 4 2-423 3189 02 010A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,769 33,709 113,322
Median Age: 40.01 41.58 39.99
Households: 3,816 14,636 46,878

Contact

Photograph of Listing Agent

Henry B Glascock

Henry B Glascock Co. Greater Chattanooga REALTORS® Member
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