RETAIL, WAREHOUSE, STRIP CENTER BORDER REGION TAX INCENTIVE ZONE

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30296145
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 8,000 SF
Gross Land Area: 0.35 Acres
Sale Price: $610,000
Unit Price: $76.25 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Uniforms for America, Ace Hardware
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2020

Overview / Comments

GREAT ENERGY EFFICIENT BUILDING FOR OFFICES, RETAIL, STORAGE, WITH EASY ACCESS & GREAT VISIBILITY IN BORDER REGION ZONE!
8,000 sf building with ADA ramp at entrance. Building is currently divided into 4 spaces - Unoccupied - 4000 retail/ office space, with access to 850 sf warehouse space (bay has concrete floor,& is heat & cooled space), a,12' bay and walk-in doors opens to a fenced outside area/courtyard, play-yard or storage. The balance of the building space is divided into 3 retail spaces with tenants, approx. 1000 sf each. 1100 sf office/retail unit, with tenant income. Asphalt surface parking.. Formerly one contiguous space - the building can be easily converted back to one space or further divided to create additional smaller lease spaces. A lot of options, a lot of opportunity with high visibility, easy access and the property is located in the Border Region Incentive Opportunity Zone. More information available at www.eastridgetn.gov. for available tax incentives. Perfect for owner operator use to cover Owner approved for 2nd lever in 2014. Strategically located on Ringgold Road between I-24 and I-75 in Tennessee and the Georgia Stateline.

Building was upgraded to energy efficient in 2014, including wiring, windows, roof, HVAC, gutters and interior finishes. The building has been well maintained and move in ready. Owner indicates City engineer approved the building for a second level. This property has loads of opportunity for owner use, investment income or both.

It is buyer responsibility to verify all information provided and any additional facts of importance to the purchaser.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033166E L 00101P000no
Zoning: COMMMERCIAL
Retail Clientele: General, Business, Other
Property Located Between: Heart of East Ridge, TN, between I-24 and I-75
Property Visibility: Excellent
Largest Nearby Street: Between Germantown & Belvoir Roads off I-24
Feet of Frontage: 185
Highway Access: I-24 East/West, exit 184 Moore Road to right Ringgold Road; 1-75 North/South, Exit 1 Ringgold Road
Airports: Lovell Field, Chattanooga, TN
Site Description: Linear Lot with slight slope to the road with surface parking. Backs up to old Ringgold Road; outdoor walkway to the rear of the building and a driveway to the rear on the opposite end. Small sign post at property line
Area Description: Progressive, the State of Tennessee, City of East Ridge, Border Region Industrial Development Boar has produced at map indicating eligible properties. New restaurants, entertainment, big box stores & hotels are clustered around I-75, Exit 1, that has begun to ripple over 15 blocks Missionary Ridge, with access to I-24. Maps indicated Border Region closely follows Ringgold Road.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Other
Parking Type: Surface
Parking Description: Lined Asphalt Surface at the Front of Building; Additional parking available in fenced area
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,039 76,789 150,270
Median Age: 40.43 36.75 37.15
Households: 5,809 30,833 62,022

Contact

Photograph of Listing Agent

Judy Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Jefferson Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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