Busy 4 way stop corner lot + building just off Battlefield Pkwy

Retail-Commercial for Sale
Catylist Listing ID: 30611695
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $350,000
Unit Price: $175 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Business
Usable Size (USF): 2,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/27/2020

Overview / Comments

Fantastic opportunity for high traffic 4 way stop at corner of Three Notch Rd and Boynton Drive in Ringgold, just off Battlefield Pkwy. This strategic location is a major artery leading to the parkway for much of Catoosa County and Walker County residents heading into Catoosa and Chattanooga and is located just 1-2 minutes from I-75, convenient to Chattanooga and Dalton. The sale includes approximately 1.5 acre level lot, approx 2000 sq ft brick ranch home that has been recently updated inside and can easily be converted to office space or for other use. Property is highly visible with little distractions or commercial competition around it and is zoned C1 commercial but grandfathered as residential use (currently occupied with residential tenants, so please do not disturb the tenants and schedule appointment to view). Great opportunity for home based commercial business owner. DOT most recent traffic count for Three Notch Road at this segment is approximately 7500 cars daily with additional on Boynton Drive not included in this total – estimated at 10,000 to 12,000 cars daily total by listing agent, all of which must stop in front of this location at the 4 way stop. Ideal for professional office, car lot, fast food / fast casual restaurant, convenience store, drug store, and similar retail. Current building would work well for attorney, insurance agent, real estate office, mortgage broker, contractor, etc. Remove a few trees in front for high impact visibility. Buy and hold and use as residential rental, owner occupant, or use as commercial / develop further. Buyer to verify sq ft, acreage, zoning, traffic count, and planned uses. Owner / agent (listing agent is member of limited liability company holding title and is licensed in real estate in GA and TN).

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County
Tax ID/APN: 0023B009
Zoning: C1
Retail Clientele: General, Family, Business
Property Located Between: Battlefield Pkwy and Boynton Drive on Three Notch Rd
Property Visibility: Excellent
Largest Nearby Street: Three Notch Rd
Traffic/Vehicle Count: 12,000
Highway Access: 1-2 minutes to I-75 and less than 1 minute to Battlefield Pkwy
Airports: Chattanooga
Site Description: Mostly level corner lot at 4 way stop just off the parkway, with very high visibility. Remove 3-4 trees in front of structure for superior impact and visibility of current building or develop accordingly.
Area Description: Ringgold is a bedroom community of the Chattanooga area located between Chattanooga and Dalton, known for convenience to shopping, semi-rural beauty, and great schools.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 2018
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Brick rancher with metal roof
Parking Type: Surface
Parking Description: Currently parking is for residential 2-4 vehicles including double carport, but with plenty of room for upwards of 40 cars with development or simple addition of gravel lot if used as basic business office, etc.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Current set up of the dwelling is a 1 level rancher with 3 large bedrooms, a very large living area, and a large kitchen dining room / combo + additional bonus room. Set up would work great as office space or professional use, or as owner occupant residential investment.
Zoning Description: C1 - general commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,141 69,712
Median Age: 38.23 39.07
Households: 8,018 27,703

Contact

Photograph of Listing Agent

Daren Headrick

PalmerHouse Properties Greater Chattanooga REALTORS® Member
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