5709 Lee Highway

Retail-Commercial for Sale
Catylist Listing ID: 30406677
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 9,912 SF
Gross Building Area: See Agent
Sale Price: $965,000
Unit Price: $97.36 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/25/2019

Overview / Comments

Over 2 acres of Commercial property with with 200+ Feet of road frontage.
This is a remarkable location and a very high degree of visibility. Current
tenant occupies as a night club (currently Sky Zoo and formerly Red
Lobster), with 9,912 SF of space and parking lot with capacity of 170
spaces. Located near the Chattanooga Airport, Walmart, I-75 & Hwy 153.
Located near car dealershps, Aldi's, etc. Traffic Count - approx. 34,581
vehicles daily.

Directions: Take I-75 South. Use the right 2 lanes to take exit 4 for TN-153 N
toward Chickamauga Dam Airport. Continue onto TN-153 N. Use the right 2
lanes to take exit 1 for US-11 S/U.S. 64 W. Use any lane to turn left onto
US-11 S/US-64 W. Turn right. Destination will be on the right.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033158A C 02701P000
Zoning: COMMERCIAL
Property Located Between: East Brainerd Rd and Airport Rd
Property Visibility: Excellent
Highway Access: Easy access to I-75 and Hwy 153
Airports: Chattanooga Metropolitan Airport
Site Description: 2.1 Acres of property located next to Chattanooga Metropolitan Airport, facing Lee Highway just east of East Brainerd Road.
Area Description: Commercial, retail, airport
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1972
Roof Type: Flat
Total Parking Spaces: 170
Sprinklers: Wet
Lot Frontage: 217
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,241 64,396 157,783
Median Age: 35.77 39.7 38.42
Households: 2,928 28,659 65,173

Contact

Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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