7611 Hixson Pike

Retail-Commercial for Sale
Catylist Listing ID: 30216905
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Retail-Pad, Vehicle Related, Other
Building Size (RSF): 3,660 SF
Gross Land Area: 0.58 Acres
Sale Price: $310,000
Unit Price: $84.70 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Business
Usable Size (USF): 3,660 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 7/11/2018

Overview / Comments

This building on Hixson Pike is in a high traffic area less than a half mile from the Chattanooga city limits. It currently is 100% occupied with 2 tenants. The sign rental is also apart of the property. Currently the gross rental income is $27,500.

Financials

Finance Data Year 2018
Potential Rental Income $27,500 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033092 09003P000
Zoning: COMMERCIAL - 2
Retail Clientele: General, Business
Property Located Between: Thrasher Pike and Port Serena
Property Visibility: Excellent
Largest Nearby Street: Thrasher Pike
Feet of Frontage: 156
Traffic/Vehicle Count: 17,255
Highway Access: State Road 319
Airports: Dallas Bay Sky Park Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,660 SF
Property Condition: Good
Year Built: 1983
Year Renovated: 2014
Roof Type: Gambrel
Construction/Siding: Metal Siding
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Gigabit
Zoning Description: c 2
Lot Frontage: 156
Lot Depth: 240
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: sign

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,151 29,723 71,870
Median Age: 40.46 42.61 41.06
Households: 437 11,560 28,686

Contact

Photograph of Listing Agent

Elaine C Boyd Osby

Berkshire Hathaway HomeService Greater Chattanooga REALTORS® Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.