Unique Opportunity

Special Purpose for Sale
Catylist Listing ID: 30494929
Building Size (RSF): 11,465 SF
Sale Price: $700,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

This is an unique opportunity for a retail establishment to sit on an acre lot among small businesses and homes with families seeking neighborhood services. The property includes six individual spaces which have separate electrical meters and separate restrooms. The rectangular building with a flat rolled roof, includes addresses 2302, 2304, 2306, 2308 that can be combined. All spaces have central heat and air except space 2308. Spaces 2303 & 2304 share same water meter. Spaces 2306 & 2308 share same water meter. Only two spaces are currently leased. The vehicle detail shop pays 1500/month for rent. Space 2302 is a lounge that is leased for $900/month. There are endless opportunities for this space.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, TN
Tax ID/APN: 033136E E 00800
Zoning: COMMERCIAL
Property Located Between: Dodson and Chamberlain Avenues
Property Visibility: Excellent
Largest Nearby Street: Dodson Avenue
Feet of Frontage: 426
Highway Access: Highway 153 to Bonny Oaks that runs into Campbell St to Glass St.
Airports: Chattanooga Lovell Field
Site Description: Site is all asphalt which is great for parking. Each building has parking in front.
Area Description: The neighborhood is undergoing revitalization. There are several small businesses along Glass St. A Save-A-lot is under construction across the street,
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1977
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Exterior was recently painted and parking lot was recently paved and stripped. The building is concrete block.
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Lot Frontage: 426 feet on Glass St
Lot Depth: 303 feet on Crutchfield St
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 1 Mac Addn To Crows Addn Pb 30 P G 44 Lts D,F,G Crows Addn Pb 1 Pg 2 7 0019 15 22

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,735 59,394 157,538
Median Age: 34.73 35.41 37.36
Households: 2,228 23,455 67,120

Contact

Photograph of Listing Agent

Joyce A Smith

Keller Williams Realty Greater Chattanooga REALTORS® Member
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