**Commercial Investment Opportunity** Current Income, Chattanooga

Retail-Commercial for Sale
Catylist Listing ID: 30403204
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 14,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.70 Acres
Sale Price: $1,700,000
Unit Price: $117.24 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/14/2019

Overview / Comments

Great Investment property located only minutes from Chattanooga Metropolitan Airport! There is an Airport Rd study in progress which will bring changes to Airport Rd. These changes have not been determined as of yet.

1.7 Acres on Lee Hwy between Capital Toyota Dealership and New Honda Dealership with Airport Road access and Lee Hwy access. This property is located near HWY 153 and I-75 interchange. This unique property offers 3 different business opportunities.

Building #1 Former convenience store with gas pumps in ground, and coolers inside the building. The gas pumps are empty, and cleared by EPA.

Building #2 has 6 bays and is currently being used as a mechanic shop and oil lube business.

Building #3 Former Car wash with tunnel wash which includes any remaining equipment.

Tenants are month to month, they are all long term tenants with a good rental history.

Additional 1 acre available, not included in this price.

Traffic counts for 2016: 26,430

Monthly Income - $4,700, could be increased.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: Tax ID #158A D 008
Zoning: C-2
Retail Clientele: General, Business, Other
Property Located Between: Lee Hwy and Airport Road
Property Visibility: Excellent
Largest Nearby Street: Lee Hwy/Airport Road
Traffic/Vehicle Count: 26,430
Highway Access: Within 1 mile to Hwy 153 and I-75 interchange
Airports: Chattanooga Airport
Site Description: Level with 3 buildings on property. Two business's currently operating on premises. Both are vehicle related.
Area Description: Metropolitan area of Chattanooga with growth expansion expected with updating of the Metropolitan Airport. Light Commercial on Lee Hwy with residential in immediate area.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Zoning Description: C-2 Commercial
Lot Frontage: 301
Lot Depth: 268
Water Service: Municipal, Other
Sewer Type: Municipal
Land Ownership: LLC
Legal Description: Pt Lt 17 Old Crabtree Farm Pb 7 Pg 27

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 57,101 150,828
Median Age: 34.36 39.54 38.66
Households: 2,161 25,695 62,695

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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