100,000 Sf Building on 10 Acres

Industrial for Sale
Catylist Listing ID: 30757531
Property Subtypes: Light Industrial, Office Showroom, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 93,274 SF
Gross Building Area: See Agent
Gross Land Area: 9.96 Acres
Sale Price: $3,900,000
Unit Price: $41.81 PSF
Docks/Doors: 1 Dock
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Formerly State Line Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2021

Overview / Comments

Located on Business Hwy 72 (Cedar Ave) next to the Alabama border, this facility was built in 1982. It is a series of 6 individual spaces that comprised the former State Line Shopping Center. The big anchors for the center were K-Mart, Bi Lo and Revco. The buildings have been used for auctions, storage and by local businesses since the closing of the anchors in 2004. These spaces could be combined for a single user, used separately for tenants or repurposed for an assisted living, self storage, light manufacturing or distribution. The property is surrounded by apartments, town homes, single family homes and retail/commercial businesses.

Additional Details

Nearest MSA: Chattanooga
County: Marion
Tax ID/APN: 05815603603
Zoning: COMMERCIAL
Property Located Between: S. Pittsburg and Alabama state line
Highway Access: Located 25 miles East of Chattanooga on Business Hwy 72
Airports: Chattanooga Airport
Site Description: 9.96 Acres - 93,274 Total Square Feet - 6 Individual Spaces - Large Paved Parking Lot - 3 Phase Power - New Roofs - New A/C's (Except the former Bi-Lo) - Active Sprinkler - Block Construction
Area Description: Located in an area with apartment applications, single family and retail/commercial businesses.
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Good
Year Built: 1982
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block Construction
Parking Type: Surface
Total Parking Spaces: 464
Sprinklers: Wet
X-Phase: 3 Phase
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Lot Frontage: 576
Lot Depth: 765
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,101 10,584
Median Age: 42.52 42.42
Households: 2,534 4,331

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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