5709 Lee Highway

Retail-Commercial for Sale
Catylist Listing ID: 30010945
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 9,912 SF
Gross Land Area: 2.10 Acres
Sale Price: $950,000
Unit Price: $95.84 PSF
Property Use Type: Investment, Business
Usable Size (USF): 9,912 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2019

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
Tax ID/APN: 033158A C 02701P000
Retail Clientele: Family, Business, Recreation, Other
Property Located Between: East Brainerd Road and Airport Rd
Property Visibility: Excellent
Largest Nearby Street: Brainerd Road / Lee Highway
Feet of Frontage: 217
Traffic/Vehicle Count: 34,581
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
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,912 SF
Property Condition: Good
Year Built: 1972
Roof Type: Flat
Total Parking Spaces: 170
Parking Type: Surface
Sprinklers: Wet
Zoning Description: Commercial
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


Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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