Mixed Use Vacant Lot and Buildings - 2.3 ac

Retail-Commercial for Sale
Call for Offers
Catylist Listing ID: 30754391
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 21,900 SF
Gross Building Area: See Agent
Sale Price: $1,875,000
Unit Price: $85.62 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

2% co-op commission (50/50 split)

Growing area with an influx of commercial development plans underway
Large adjacent empty lots available for ample parking
Zoning allows for both commercial and residential use
Close proximity to Chattanooga, TN
2.3 Acres Total (5 different adjacent parcels)
3 parcels with a building ( 12000 sf, 6300 sf, 3600 sf )
***Note the 6300 sf "plaza" building is comprised of six separate offices \ retail spaces each 1050 sf
2 vacant land parcels (no building)
Willing to sell separately or as a package

Attachments & Media

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 057D T 008.00 000
Retail Clientele: General, Family, Business, Traveler, Recreation, Convention, Other
Property Located Between: On S. Ocoee Street between 3rd St SW and 6th St SW
Largest Nearby Street: S. Ocoee Street and Inman St W.
Highway Access: Close to Hwy 75, Hwy 64
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Year Renovated: 2017
Construction/Siding: Block
Parking Type: Surface
Parking Description: 2 vacant land parcels and additional paved parking area.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable, DSL
Zoning Description: Mixed use and central business district. Both residential and multi family is allowed as well as various commercial businesses. Contact city of Cleveland for current zoning ordinances.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 5 Parcel ID's: 057D T 008.00 000 057D T 005.00 000 057D T 003.00 000 057D T 008.01 000 057D T 002.00 000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,190 39,877 62,815
Median Age: 29.72 35.62 36.66
Households: 4,163 15,553 24,271

Contact

Photograph of Listing Agent

Jazmin Wallace

EXP Realty LLC Greater Chattanooga REALTORS® Member
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