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: |
1/17/2022 |
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: |
COMMMERCIAL |
| 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. |
| Zoning Description: |
Commercial |
| Lot Frontage: |
83' |
| Lot Depth: |
145' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Individual |
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 |
|
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