Signal Mountain Commercial Location to Serve New Growth

Retail-Commercial for Sale
Catylist Listing ID: 30380463
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Other
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $75 PSF
Ceiling: 22 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/11/2019

Overview / Comments

Former Restaurant and Cabinet Shop, this 3,000sf metal building was built in 2004 and is perfectly situated to service all of the current and planned growth along Corral Rd on Signal Mountain and along Taft Hwy leading to Dunlap. Thousands of unserved residents are waiting for conveniences like a Grocery Store, Convenience Store, Gas Station, Garden Center, Workout Gym, Restaurant, or even a Contractor Location for home products and services. There is one 1,500 sf section and 2, 750sf sections, which can easily be modified into 1 large or 4, 750-sf retail or offices. Currently offered by Citizens Tri County Bank as REO property.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Retail Clientele: General, Family, Business, Other
Property Located Between: Pickett Rd and Grayson Way
Property Visibility: Excellent
Largest Nearby Street: Taft Hwy and Corral Rd
Highway Access: US 127 (Taft Hwy Signal Mountain)
Airports: Lovell Field Chattanooga Municipal Airport
Site Description: Larger Concrete parking area on Level Lot measuring 125' x 250'
Area Description: Over a thousand new households have been or currently planned to be built within a few miles of this location. Home Values increasing considerably. Nearby New Construction at Signal Farms, Signal Forest, Grey Hawk Trail, Flippers Bend, and many more planned. The closest conveniences are not convenient at all! A great opportunity to service literally thousands of unserviced family members!
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 2004
Year Renovated: 2004
Roof Type: Arched
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: Retail Front, Metal Building, Metal Roofing, Large Parking
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Large concrete pad
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Concrete flooring, bathrooms, mechanical rooms
Zoning Description: C-1
Lot Frontage: 125'
Lot Depth: 250'
Water Service: Municipal
Legal Description: 301 US 127, Parcel ID 092 079.01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,314 7,240 23,784
Median Age: 45.33 42.29 43.25
Households: 549 2,692 9,982

Contact

Photograph of Listing Agent

Doug Lawrence

Berkshire Hathaway HomeService Greater Chattanooga REALTORS® Member
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