90 % Leased Building - East Ridge Border Region Zone

Retail-Commercial for Sale
Sale Pending
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
Status: Pending
Building Size (RSF): 6,881 SF
Gross Building Area: 6,681 SF
Gross Land Area: 0.35 Acres
Sale Price: $650,000
Unit Price: $94.46 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: Uniforms for America, Ace Hardware
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2021

Overview / Comments

6,881 SF Building - updated in 2014, new roof, electrical, energy efficient windows, HVAC. Formerly on contiguous space the building is divided into five separate leased spaces, 4 store front retail spaces and 1 climate controlled warehouse/storage space with bay and walk-in door. Four NNN lease tenants occupy the store front and the warehouse is owner occupied, but available for lease. Tenant Income approx. $6,000, per month, including warehouse.

Building is located in the TN Board Region Incentive Zone, more info available at www.eastridgetn.gov

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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