2947 Cummings Hwy

Retail-Commercial for Sale
Catylist Listing ID: 30338452
Property Subtypes: Car Wash, Convenience Store, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 5,728 SF
Gross Building Area: 6,200 SF
Gross Land Area: 0.71 - 1 Acres
Sale Price: $550,000
Unit Price: $96.02 PSF
Property Use Type: Investment
Building Name: Browns Ferry Rd / Cummings Hwy
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2018

Overview / Comments

Both Properties are for sale by motivated owners. The properties are located at the foot of Lookout Mnt and Elder Mnt and less than five minutes from Downtown Chattanooga.

The addresses of the two properties are 108 Browns Ferry Rd and 2947 Cummings Hwy and are adjacent to each other with a 50 ft alley in between that could possibly be turned into an easement or become part of the property. The two properties make a fantastic opportunity for franchise development for a QSR or a retail shopping strip.
Please call me for more information and further details.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: 154C B 027 / 154C B 026
Tax ID/APN: 033154C B 02600P000
Retail Clientele: General, Business, Tourist, Recreation, Other
Property Located Between: Cummings Hwy and Browns Ferry Rd
Property Visibility: Excellent
Largest Nearby Street: Cummings Hwy
Highway Access: Cummings Hwy / Hwy 24
Airports: Chattanooga Metropolitan Airport
Site Description: The property is located at the foot of Lookout and Elder Mnt and only minutes from downtown Chattanooga and on the corner of Cummings Hwy.
Area Description: Excellent Visibility and high traffic from Cummings Hwy and Hwy 24.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 1940
Roof Type: Gable
Construction/Siding: Block
Exterior Description: House and former service station have the opportunity to renovate but would probably serve best to tear down and use the property for a new development.
Parking Description: The properties have street parking and parking available on site.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,493 66,971
Median Age: 40.67 35.52
Households: 6,249 27,041


Photograph of Listing Agent

Wendy J Elliott

Stonecrest Properties Greater Chattanooga REALTORS® Member
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