Prime MLK Blvd Property

Retail-Commercial for Sale
Catylist Listing ID: 30614368
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 1,200 SF
Gross Land Area: 0.33 Acres
Sale Price: $325,000
Unit Price: $270.83 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 1,200 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/21/2021

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145E J 00300
Zoning: COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: Market St
Feet of Frontage: 134
Airports: Chattanooga Metro Airport CHA
Site Description: Property used to be an old service station that was decommissioned about 20 years ago with tanks removed and no further action required from appropriate authorities. This site has 134 ft road frontage and is 75 feet deep. Presently there is a 1200 sft building that needs total makeover or renovation. Site is at a walking distance from UTC student apartments.
Area Description: This prime location is close proximity to University Of Tennessee student housing and walking distance to several new restaurants and commercial establishments.
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Fiber Optic
Legal Description: Pt Lt A Blk J McCallie N/R 0088 07 02

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,750 61,706 136,049
Median Age: 26.5 34.12 36.79
Households: 2,568 24,773 56,729

Contact

Photograph of Listing Agent

Gurdeep K Madan

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