Former Service Station and Used Car Sales Business in LaFayette

Retail-Commercial for Sale
Catylist Listing ID: 30640614
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 1,485 SF
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $98,500
Unit Price: $66.33 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/28/2020

Overview / Comments

Free-standing commercial building fronting business 27/S. Main St zoned B2 located in the City of LaFayette. Building has 2 new roll up doors, 1 lift, restroom and good size office/work area. This property would be an ideal location for automotive users.... service/repair cars, detail shop, resale cars, etc.

The following were all installed new in 2019: all windows on front of building, 2 roll up doors, 2 walk through doors, water line from the meter, toilet, sink and LED lights.

Tax Id 1048 029 shows 1.35 acres. Owner is only selling .89 acre and survey dated 10/29/19 is being provided. Gas tanks have been removed and seller has documentation.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: 1048 029
Zoning: B2 GENERAL BUSINESS
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Visibility: Excellent
Feet of Frontage: 200
Highway Access: This property is located minutes from US Hwy 27 and directly on the US Hwy 27 business route.
Airports: Barwick LaFayette Airport is located less than 5 miles and Chattanooga, TN Airport less than 50 miles
Site Description: This site is level and includes excellent visibility.
Area Description: Property is located in the General Business District of LaFayette. Single and multi-family homes are in close proximity. LaFayette Recreational Department, pool, senior center and City of LaFayette owned 18-hole Golf Course is less than 5 minutes away.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,485 SF
Property Condition: Good
Year Built: 1950
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block building with two roll up doors and plenty of parking.
Parking Type: Surface
Sprinklers: None
Interior Description: Concrete floors, single phase power, 2 roll up doors with one lift, restroom and 2 other good size work rooms/office space.
Lot Frontage: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,457 8,927 15,435
Median Age: 40.69 38.96 39.47
Households: 920 3,522 5,964

Contact

Photograph of Listing Agent

Joanna Jackson

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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