Corner Lot at traffic light

Retail-Commercial for Sale
Catylist Listing ID: 30609458
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 7,114 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Sale Price: $699,000
Unit Price: $98.26 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/15/2020

Overview / Comments

The value is in the location and land. Property sets at the corner of Ringgold Rd and Spring Creek Rd. Only minutes to I-75 and I-24.

The building currently has two short term tenants.

Property Type
Commercial

Land Use
Personal Service

Improvement Type
Retail Store

Building Square Feet
7114

Lot Dimensions
122 X 180

Lot Square Feet
26,571

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 033169L B 01100
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Convention, Other
Property Located Between: Ringgold Rd and Spring Creek Rd.
Property Visibility: Good
Largest Nearby Street: Chattanooga
Feet of Frontage: 123
Highway Access: Easy access to Ringgold Rd or Spring Creek Rd. And, only minutes to I-75 or I-24.
Airports: Chattanooga 15 mins, Atlanta 2hrs.
Site Description: Corner lot with an older building. Currently occupied by short term tenants.
Area Description: Off Interstate traffic.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1958
Exterior Description: Older structure.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Parking lot
Interior Description: Rough building.
Zoning Description: Commercial
Lot Frontage: 123
Lot Depth: 185
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Free and clear with no mortgage.
Legal Description: Lts 9-11 Pt 7&8 Blk 11 Highway Park Pb10 Pg34

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,649 65,172 148,715
Median Age: 40.71 39.28 37.76
Households: 3,841 28,401 61,186

Contact

Photograph of Listing Agent

Cliff Butler

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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