Southside Corner, at I-24, Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30351456
Property Subtypes: Car Wash, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 3,962 SF
Gross Building Area: See Agent
Gross Land Area: 11,326 SF
Sale Price: $850,000
Unit Price: $214.54 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Diza Motors
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/25/2022

Overview / Comments

Southside at the corner of W. 20th and Emerson Dr., between Market and Broad Street, at the I-24, Hwy. 27 spilt. There are two connected buildings on the property operated by an auto repair service with walk-in doors on W. 20th St, Bay Doors with a fenced parking area accessible from Emerson Street which exits onto W. 20th or 19th St., - one structure is all metal bldg. with office and bathroom, the second is a block bldg. office platform and bathroom, concrete floors, asphalt fenced parking.
Wide range of possibilities on Chattanooga's booming southside with easy access to Downtown Chattanooga, Historic Lookout Mountain and I-24. Currently used as an automotive repair business, no oil pits or auto lifts.
All information is believed to be correct, but subject to buyer verification.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Redevelopment District
Taxing Authority: City of Chattanooga Hamilton County TN
Tax ID/APN: 033145M A 01600
Zoning: UCX 4
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Market Street, Broad Street at Interstate 24 and TN Hwy 27 Interchange
Property Visibility: Excellent
Largest Nearby Street: I-24, Broad & Market
Feet of Frontage: 83
Highway Access: Property is located at the I-24, TN Hwy. 27 Downtown Interchange
Airports: Lovell Field, Chattanooga, TN
Site Description: On Street with high visibility and easy access from I-24, Market and Broad Streets on the progressive Southside area. Opportunity zone.
Area Description: Chattanooga booming Southside District with a variety of Restaurants, Hotels, Entertainment, Housing, Schools, goods and services in close proximity. Easy access to I-24, gets you anywhere in Chattanooga SMA in minutes and great location for tourist and vistors to the area.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1950
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Mettal Buildings, Asphalt, Fenced Parking at the rear of the building. Access off Carr Street.
Parking Type: Surface
Parking Description: Surface parking at the rear of the building.
Heat Type: Natural Gas, Other
Interior Description: Both buildings are open work space each with bathroom. One buiding is used for storage, the other for auto repair, not pits, lifr is surface mounted.
Zoning Description: UCX-4 Commercial Mixed Used
Lot Frontage: 83'
Lot Depth: 145'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Individual
Legal Description: Deed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,636 60,094 131,394
Median Age: 30.83 34.12 36.69
Households: 2,942 23,643 54,222


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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