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

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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


Photograph of Listing Agent

Judy Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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