Commercial 3 Bay Garage and House on Hwy 41 in Heart of Ringgold

Retail-Commercial for Sale
Catylist Listing ID: 30619791
Property Subtypes: Day Care Facility, Retail-Pad, Other
Building Size (RSF): 3,400 SF
Gross Land Area: 4.72 - 5.72 Acres
Sale Price: $400,000
Unit Price: $117.65 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 3,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2020

Overview / Comments

RARE OPPORTUNITY IN DOWNTOWN RINGGOLD!! VERY HIGH TRAFFIC AREA (Traffic Count Approx 14000 per Day), GREAT LOCATION!! This 3 bedroom/1.5 bath house and 3 bay commercial garage sits on 5.79 acres in a prime area of Ringgold . The seller has ordered a new survey and once received it will be added to the listing. Currently zoned as commercial (C-1) with a grand-father clause for residential. House is being sold as-is. Don't miss your opportunity!

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County, just outside of city limits
Tax ID/APN: 0038B016
Zoning: C1
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Battlefield parkway & Alabama Hwy
Property Visibility: Excellent
Largest Nearby Street: Hwy 41
Highway Access: Hwy I-75 Exit 348 and 350 are both approximately 1 mile away.
Airports: CHA - Chattanooga Airport
Site Description: Sloped land, mostly wooded on back side with clear visibility on the front part of the lot where the building is.
Area Description: In small retail and Industrial vicinity. Neighbor is a lumber yard on south side, and small shops, automotive repair, and fast food across the street. Behind the property is mostly wooded.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,700 SF
Year Built: 1972
Year Renovated: 2015
Exterior Description: Mostly Brick, residential style
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: Currently has driveway and 2 car garage
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Zoning Description: Zone C1 commercial outside of the city limits but is grandfathered in as residential which makes the possibilities almost endless! Sewer is just across the street if desired. According to C-1 Zoning codes from Catoosa County, permissible uses for C-1 property include, but are not limited to: Assisted Living Facility, Nursing Home, Congregate Personal Care Home, Cemetery, Group day care home (7-18 children), Group day care home (19 or more children), College, Funeral Home, Health and human services (excluding pain management clinic), Hospital, Place of Worship, Technical, Trade, or other Specialty School, Animal and pet services (not including pet or pet supply store, veterinary services or kennels), Automobile repair and service, Bar, Car Rental, Car Wash, Catering Business, Convenience Store, Gas Station, Flea Market (Indoor), Grocery Store, Hotel, Motel, Package Store, Personal Care Services, Pet or Pet Supply Store, Professional Office (Including Banks), Restaurant, Retail Sales (excluding heavy consumer goods), Retail Sales - heavy Consumer Goods, Self Storage Facility (Indoor, Rental), Services to Buildings and Dwellings, Vehicle and Marine craft sales, Veterinary Services, Banquet Hall, Campground/RV Park, Driving Range, Exhibition, Convention, or Conference center, Fitness, Gym, or Athletic Club, Indoor Recreation or Games Facility, Miniature Golf, Museums, Exhibition, or similar facility, Outdoor Recreational sports facility, Private Club, Sports Stadium or Arena, Theater (Drive in, Movie, and Performance), Surface Parking, Parking Structure (Parking Garage), Charter Bus Terminal, Communications and Information, Taxi and Limousine Services, Towing and Other Road and Ground Services, Truck Stop, Utility Substation, Public, Construction related businesses (onsite storage of equipment or materials)
Lot Frontage: 422'
Lot Depth: 644' Average (550' on north side and 738' on South side)
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Pt Ll 153 28/3 Landlot: 153 Landdist: 28

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,438 20,232 44,377
Median Age: 35.28 37.04 39.06
Households: 1,336 7,553 16,674

Contact

Photograph of Listing Agent

Debbie L King

DK Real Estate LLC Greater Chattanooga REALTORS® Member
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