Prime Location on Poplar Springs Rd.

Retail-Commercial for Sale
Catylist Listing ID: 30344409
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 1,376 SF
Gross Building Area: 92,347 SF
Sale Price: $399,900
Unit Price: $290.63 PSF
Property Use Type: Investment
Usable Size (USF): 92,347 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

THIS PROPERTY IS BEING REZONED FOR COMMERCIAL PURPOSE. PERFECT FOR RESTAURANT OR RETAIL SPACE! This property is in a very high traffic area, and surrounded by retail and fast food restaurants. (across from Food Lion and Ace Hardware, and next door to Family Dollar and Arby's). Feet from I-75 on GA exit 348. Current appraisal on file for $400,000 as-is. Value is in the land, but currently has a house, two mobile homes, an apartment, a commercial garage, and other storage.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Submarket Type: Central Business District
Taxing Authority: Catoosa
Tax ID/APN: 0039b-022
Zoning: R-1, BUT BEING CONVERTED TO C
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Chattanooga and Dalton
Property Visibility: Excellent
Largest Nearby Street: I-75 and GA 151
Feet of Frontage: 300
Highway Access: Easy access to GA 151 and I-75
Airports: Chattanooga - Lovell Field
Site Description: level to sloping. surrounded by businesses
Area Description: business district of Ringgold. Interstate access and visibility. Businesses around this one are restaurants, grocery store, gas stations, and retail.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Average
Year Built: 1939
Year Renovated: 2011
Roof Type: Arched
Construction/Siding: Other
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,847 13,781 35,251
Median Age: 35.46 36.51 38.34
Households: 1,360 5,186 13,211

Contact

Photograph of Listing Agent

Debbie L King

DK Real Estate LLC Greater Chattanooga REALTORS® Member
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