Tiftonia Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30290194
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 5,824 SF
Gross Building Area: See Agent
Gross Land Area: 1.40 Acres
Sale Price: $850,000
Unit Price: $145.95 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2018

Overview / Comments

1.4 acre parcel on busy Cummings Highway across from signalized entrance to Walmart center - less than a mile from I-24 Chattanooga /Tiftonia exit..Property is cross the highway from Quality Inn and Logan's Roadhouse.

There are 24 hotel flags within a 2 mile radius of the site and the restaurant options are few within the trade area.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County Chattanooga
Tax ID/APN: 154G D 011
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Cummings Highway
Feet of Frontage: 460
Highway Access: I=24
Airports: Chattanooga Metropolitan Airport
Site Description: 1.4 acre parcel of land ready for redevelopment. A small motel is currently in operation, but value is in redevelopment of land.
Area Description: Property is surrounded by Walmart shopping center, hotels, retail stores, restaurants, residences. Minutes from Black Creek Club Residential Golf Course, Reflection Riding Arboretum, Lookout Mountain and downtown Chattanooga.
Property Condition: Good
Year Built: 1955
Roof Type: Gable
Zoning Description: C-2
Lot Frontage: 460
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LTS 22,24,26 PT LT 28 BLK 14 TIFTONIA SEC NO 1 PB 11 PG 6&7 3315 17 09

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,811 54,728
Median Age: 40.95 36.56
Households: 4,645 22,592

Contact

Photograph of Listing Agent

Kathy Wilton

Stonecrest Properties Greater Chattanooga REALTORS® Member
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