Three Freestanding Buildings on One Parcel

Retail-Commercial for Sale
Catylist Listing ID: 30723343
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related, Other
Building Size (RSF): 4,340 SF
Gross Building Area: See Agent
Gross Land Area: 0.53 Acres
Sale Price: $389,000
Unit Price: $89.63 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Above All Auto Sales
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/24/2021

Overview / Comments

Three individual commercial buildings on one parcel: one free-standing and currently auto-related, one warehouse with 3 bay doors, and an additional free-standing retail building that is leased to a barber shop. Two of the three buildings are highly visible, as they are situated on a busy stretch of Lafayette Rd where the daily traffic count is near 20,500, and the other is tucked on quieter Herron St. This setup is perfect for auto-related businesses as it offers plenty of office space, warehouse space, parking, and storage space. The passive income offers incredible flexibility or security for established businesses and startups alike; the barber shop currently leases the third building for $800/mo.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0002C-095
Zoning: C-3
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Traffic/Vehicle Count: 20,500
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Legal Description: Lots 5 6 32 Pt Lot 7 Herron Sub Landlot: 61 Landdist: 9

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,636 54,355 115,824
Median Age: 37.66 39.08 37.59
Households: 3,859 22,614 47,811

Contact

Photograph of Listing Agent

Grace Frank

Chattanooga Real Estate Group Greater Chattanooga REALTORS® Member
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