Catylist ID:
#30733095
Over 1 Acre Site, Border Regions Zone, Restaurant or Redevelopment
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30733095 |
| Property Subtypes: | Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other |
| Status: | Pending |
| Building Size (RSF): | 4,960 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.20 Acres |
| Sale Price: | $1,650,000 |
| Unit Price: | $332.66 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: | Jenkins Restaurant |
| Sale Terms: | Cash to Seller, Build-to-Suit, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/12/2022 |
Overview / Comments
|
Heart of the East Ridge, TN. Subject Property has Excellent Visibility, Easy Ingress/Egress and is well positioned on Ringgold Road to the side and front of Walmart Neighborhood Market & Fueling Station. Restaurant or Redevelopment Opportunity - this 1.2 acre site is centrally located in East Ridge. An ideal location for a Restaurant, Quick Service Restaurant, Rapid Care or Specialty Medical Facility, Multi-Tenant or Single Tenant Retail or Center, Bank, Credit Union, Carwash, Venue Event Space - unlimited possibilities in a highly desirable area with limited sites. The 5000 SF building served as an established family buffet restaurant location for decades, great surface parking with over 70 spaces is less than 10 minutes from downtown Chattanooga, I-24 and I-75, in a welcoming community. Rare opportunity1.2 acre of level ground in the Heart of East Ridge and located in the Border Region Zone Sales Tax Refund Incentive Program, information available at www.eastridgetn.com Contact agent with questions or for more information. All facts are believed to be correct, but subject to buyer verification. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Taxing Authority: | City of East Ridge, Hamilton County |
| Tax ID/APN: | 169G E 046 |
| Zoning: | C-2 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: | i-24 and I-75 |
| Property Visibility: | Excellent |
| Highway Access: | Minutes from I-75 and I-24 |
| Airports: | Lovell Field, Chattanooga, TN, less than 10 minutes |
| Site Description: | Level |
| Area Description: | E. Ridge sits at Exit 1, off I-75, at the I-24 split - State & City Border Region Sales Tax Incentive continues to bring revitalization and new businesses, restaurants, entertainment, shopping, hospitality, sports and recreation to the area. Easy access to I-24 and I-75, this location is a short commute from any area in the Chattanooga MSA. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1977 |
| Construction/Siding: | Wood Siding |
| Total Parking Spaces: | 75 |
| Parking Type: | Surface |
| Parking Description: | Asphalt, Level |
| Zoning Description: | C-2 |
| Lot Frontage: | 175' |
| Lot Depth: | 289' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Individual |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,822 | 75,175 | 151,760 |
| Median Age: | 40.13 | 37.05 | 37.34 |
| Households: | 4,965 | 31,197 | 62,848 |
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