Great Retail Development Site on N. Lee Hwy.

Vacant Land for Sale
Catylist Listing ID: 30595245
Property Subtypes: Office, Retail
Gross Land Area: 1.45 Acres
Sale Price: $399,000
Unit Price: $275,172 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2020

Overview / Comments

Reduced 20%! Great location on the highly traveled North Lee Highway and in a developing area including new single family homes, apartments and retail construction. The lot offers 260 feet of road frontage with 190 feet deep on the south side and 247 feet deep on the north side of the property. Perfect for a Dollar General, Subway, professional offices, day spa or salon. Great for an owner operator to build a space for his business and have lease space for income.

An added bonus is the property has a billboard which has an income of $1,500 yearly.

The owner will include this listing in a property portfolio for anyone with a 1031 Exchange.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 034D D 014.00 000
Zoning: COMMERCIAL
Property Located Between: Airport Road and NW 56th Street
Property Visibility: Excellent
Largest Nearby Street: N. Lee Hwy
Feet of Frontage: 260
Traffic/Vehicle Count: 13,995
Highway Access: Access to Interstate 75 is 6 miles away.
Airports: Chattanooga Airport is 24 minutes away.
Site Description: Level land with 260 feet of road frontage. Major construction of single family homes, apartments and town homes are going on in the area.
Area Description: This property is directly off N. Lee Highway which has heavy traffic counts and is located in a developing area.
Lot Frontage: 260 Feet
Lot Depth: 190 Feet
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 23,389 57,059
Median Age: 40.55 37.57
Households: 9,229 22,061

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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