Catylist ID:
#30351456
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 |
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 |
Contact
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