10-Unit Commercial Retail Strip Center in Hixson

Shopping Center for Sale
Catylist Listing ID: 30482450
Property Subtypes: Strip Center
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.22 Acres
Sale Price: $1,050,000
Unit Price: $105 PSF
Property Use Type: Investment
Building Name: Prestige Business Park
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/16/2020

Overview / Comments

Welcome to Prestige Business Plaza, a one-level commercial retail strip center situated at the corner of Middle Valley Rd and W Boy Scout Rd. This 10,000 sqft building consists of 10 units about 1,000 sqft each, all with front and rear access, individual HVAC units, and individual water and electric meters. There is an abundance of parking in front for clients, tenants, customers and employees. The strip center was built in 2008 and has been well-maintained since then. Anchor tenants include The Chef and His Wife, Milestones Therapy, GK Houses, and an office/printing company. Currently 90% occupied with a gross monthly income of $7,775. Located in a fast growing area of town with an abundance of shopping, dining, and businesses nearby, this property is surrounded by residential neighborhoods as well. The adjacent 1.1 acre parcel at 6835 Prestige Ln is available and can be purchased in combination with Prestige Business Plaza for a total package price of $1,340,000. Call today for more information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 091 058.10
Zoning: C-3
Property Visibility: Fair
Largest Nearby Street: Middle Valley Rd & W Boy Scout Rd
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2008
In Flood Plain?: Yes
Legal Description: Lt 2 Prestige Business Park Pb 88 P G 156 91-169 Out Of 091-058 For 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,928 34,835 75,239
Median Age: 44.23 41.48 41.6
Households: 3,121 13,900 31,116


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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