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:
5/12/2022
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.
The buildings have new TPO roofs, except the former K-mart building which has a metal roof. All new A/C's and 3-Phase power in the buildings.
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.
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