Thriving Used Auto Business w/Real Estate

Retail-Commercial for Sale
Catylist Listing ID: 30648762
Property Subtypes: Free-Standing Building, Vehicle Related, Other
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.84 Acres
Sale Price: $1,500,000
Unit Price: $500 PSF
Property Use Type: Investment, Business
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

Highly successful car lot business on S. Lee Highway in Cleveland, Tennessee.
This car business sells used vehicles and performs minor automotive repairs. Owner will include with the business all customer data, office computers, office furniture, car lift, tools and equipment. In 2019 the business performed $1,500,000 in sales. This year, 2020, the projected sales are $2,000,000.

Property includes a 3,000 SF building. The building was remodeled in 2016 with new roof, new windows, new A/C and plumbing. The space has a private office, large lobby, two bathrooms and a full kitchen. Attached to the building is a three bay car garage with one lift. The property is 3.84 acres with a concrete car lot to the right and front of the property facing South Lee Highway.

Owner will also sell all inventory separately to include all vehicles on the lot at time of sale.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 057H E 004.00 000
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler, Other
Property Located Between: Varnell Road and Brent Drive
Property Visibility: Excellent
Largest Nearby Street: S. Lee Highway
Feet of Frontage: 491
Traffic/Vehicle Count: 12,000
Highway Access: Quick drive to Hwy. 74 and Interstate 75
Airports: Chattanooga Airport
Site Description: Large paved parking lot for car display. Very nice updated building.
Area Description: Located on S. Lee Highway near Honda of Cleveland, Vehicles Direct, Kia of Cleveland, Cleveland Ford, and Abra Auto Body Repair.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Renovated: 2016
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Flat paved parking surface
Lot Frontage: 491
Lot Depth: 405
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,040 33,400 57,212
Median Age: 33.52 35.06 37.28
Households: 492 12,752 22,351

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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