Watts Bar Hwy, TN-68 Free-Standing Bldg.

Retail-Commercial for Sale
Catylist Listing ID: 30643576
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,574 SF
Gross Land Area: 13,504 SF
Sale Price: $99,000
Unit Price: $62.90 PSF
Property Use Type: Vacant/Owner-User
Building Name: 2841 Watts Bar Highway
Usable Size (USF): 1,574 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2020

Overview / Comments

The 1,574 square feet, concrete block building was re-roofed with gabled metal over an existing Flat Roof. Highly visible 100' road frontage on TN-68/Watts Bar Hwy, merely 4 miles from the Watts Bar Dam on the TN River, 50 miles north of Chattanooga, 60 miles south of Knoxville, and 140 miles east of Nashville metropolitan areas. The property is 16 minutes from Dayton TN, where major employers include Nokian Tyres' $360 million, 830,000 sq. ft. manufacturing facility and La-Z-Boy; Bryan College; and Rhea Medical Center. TDOT reports over 33,000 vehicles a day travel into Rhea County.

Watts Bar Highway is the popular route between Highways 27 and 58, providing access to numerous marinas, boat docks, and residences surrounding Watts Bar Lake. Watts Bar is a hydroelectric dam on the TN River. With over 39,000 acres and 80 miles of shoreline, Watts Bar reservoir attracts millions of visitors each year for boating, fishing, swimming, camping and other outdoor activities.

Regionally, Spring City is located between the Cumberland Plateau and Great Smoky Mountains. TN's woodlands are renown for White Tail Deer and Wild Turkeys.

Volunteer Energy Co-op supplies power (Three-Phase Electricity). Middle TN Natural Gas is available. Spring City Cable can provide 20, 50, or 100 Megabytes high speed Internet. Water is provided by Watts Bar Utility District. The former Walk-In Freezer has been completely dismantled. The seller requests the Closing of the Transaction be at Title Insurance Company of Dayton, 375 2nd Avenue, Suite 2, Dayton TN 37321 (423) 775-1621.

Additional Details

Nearest MSA: Dayton
County: Rhea
Taxing Authority: Rhea County
Tax ID/APN: 043 092.00
Zoning: 08-COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Knoxville and Chattanooga TN; Dayton and Decatur, TN
Property Visibility: Excellent
Largest Nearby Street: Hwy 27 Rhea County Highway
Feet of Frontage: 100
Traffic/Vehicle Count: 5,163
Highway Access: From Spring City, head SE on New Lake Rd/TN-302. Turn left onto TN-68/Watts Bar Hwy.
Airports: 100 Aker Wood Airport, Spring City; Mark Anton Airport, Dayton
Site Description: Level lot with excellent frontage in a popular recreation and single family residential area near major employers in Rhea, Roane, Hamilton and Bradley counties.
Area Description: The site is within minutes of Watts Bar Dam and the TN River. Several new neighborhoods have been developed in Rhea County because of the influx of new manufacturing facilities.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,574 SF
Property Condition: Fair
Year Built: 1968
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Single story, Concrete block construction. Metal roof.
Parking Type: Surface
Parking Description: Gravel and paved. Room to expand parking into grass area.
Sprinklers: None
Air Conditioning: Other
Internet Access: Cable
Interior Description: Painted drywall over concrete blocks. Concrete finish. Previously used as a Produce Market. Produce fixtures remain. Plumbing stubbed in for a second Restroom. Will need renovation, including installation of HVAC. Owners selling 'as is.'
Zoning Description: Commercial
Lot Frontage: 100
Lot Depth: 135
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Individuals
Legal Description: See Deed Book 356, Page 257.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,398 6,093
Median Age: 49.12 45.5
Households: 1,406 2,480

Contact

Photograph of Listing Agent

Helen Scott Hixon

EXP Realty LLC Greater Chattanooga REALTORS® Member
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