3 Acres Development Opportunity, Ringgold Rd

Retail-Commercial for Sale
Catylist Listing ID: 28244739
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 11,900 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $163.87 PSF
Ceiling: 24 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2018

Overview / Comments

3 plus/minus acres available for Development Opportunity on Ringgold Road; Great visibility; 11,900SF building with offices already in place. Lower level 9100 SF - includes 20'x53' meeting room, kitchen, 2 baths. Upper level approx 2800 SF - contains 4 large meeting rooms and 2 offices.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033169L F 04000P000
Zoning: C2/M1
Market Type: Large
Retail Clientele: General, Business, Traveler
Side of Street: Northeast
Road Type: Highway, Highway Interchange
Property Visibility: Excellent
Largest Nearby Street: Ringgold Rd/Hwy 41
Feet of Frontage: 332
Transportation: Highway, Taxi
Highway Access: I-75; I-24
Site Description: Level
Area Description: Commercial buildings/restaurants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1990
Roof Type: Arched
Construction/Siding: Concrete, Steel Frame
Parking Type: Surface
Heat Type: Suspended Radiant Heaters
Heat Source: Heat Pump
Air Conditioning: Engineered System
Interior Description: Lower level - 9100 SF --Ceiling 18' on sides plus 24' in middle --Roll-up door: 8' wide x 10' high --2 gas heaters hung from ceiling in gym --9 sodium lights plus 6 skylights --Kitchen with cooking hood, gas connections, double sinks, cabinets, large walk-in pantry, ceiling fan --Women's bath has 3 stalls, shower, 2 sinks --Men's bath has 3 stalls, shower, 2 sinks --Large lunch/meeting room is 20'x53' Upper Level - 2800 sf --Contains 4 large meeting rooms plus 2 offices
Zoning Description: Commercial/Manufacturing
Lot Frontage: 331
Lot Depth: 410
Land Ownership: Rawter Realty LP
Legal Description: Adj Value for 2009 PT LT 2 Dyer Mill Tract PB B4 Pg 330

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,367 65,058 151,043
Median Age: 41.02 38.95 37.79
Households: 2,775 28,531 61,668


Photograph of Listing Agent

Roland E Renegar

Crye-Leike Commercial GCR CMLS Member
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