320 Nelson Ln

Retail-Commercial for Sale
Catylist Listing ID: 30214957
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 9,600 SF
Gross Building Area: See Agent
Sale Price: $450,000
Unit Price: $46.88 PSF
Ceiling: 15 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2019

Overview / Comments

A unique property located just off I-24, exit 152, in Kimball, Tn. This is an approximately 9600 square feet building that was previously used as a carpet/floor covering business with a small showroom/office area. It can be used as a warehouse space, or combination of commercial and retail. Property has approximately 450 feet of road frontage on Hwy 2, 230 feet on the Lane, and 800 feet on Nelson Lane. Property is over 2 acres, so there's lots of potential for future growth.

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Additional Details

Nearest MSA: Chattanooga
County: Marion
Tax ID/APN: 058133F A 00500
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: I-24
Feet of Frontage: 1,450
Highway Access: I-24, US 72, Hwy 2
Airports: Marion County Airport
Site Description: Level. Triangle shaped property with gravel parking.
Area Description: Kimball is the retail hub for Marion County. Exit 155 is one of the busiest exits on I-24 between Nashville and Chattanooga due to US 72 going south towards Huntsville. Some of the most prominent business located on this exit are Walmart, Lowe"s, Tractor Supply, Cracker Barrel, McDonalds, and Hampton Inn. It is also close to the entrance to Jasper Highlands, one of the nicest residential gated communities in the Chattanooga area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Typical SF / Floor: 9,600 SF
Property Condition: Good
Year Built: 1996
Construction/Siding: Metal Siding
Exterior Description: Level, triangle shaped lot with gravel parking area.
Parking Type: Surface
Parking Description: Gravel
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Open warehouse type with small retail showroom.
Zoning Description: C-2
Lot Frontage: 1450
Lot Depth: 230
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Tax Map 133F Group A Parcel 005.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,043 6,349 8,488
Median Age: 46.27 42.87 43.4
Households: 448 2,640 3,514


Photograph of Listing Agent

Butch Witcher

Heart Realty, Inc. Greater Chattanooga REALTORS® Member
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