Great Location for Retail on N. Lee Hwy

Retail-Commercial for Sale
Catylist Listing ID: 30501844
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 1,260 SF
Gross Building Area: See Agent
Sale Price: $599,000
Unit Price: $475.40 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2020

Overview / Comments

This property offers tons of opportunity! It could be a hair salon, retail shop, office, car wash, auto repair or a fast food restaurant. The building is 1,260 SF and is located on a corner lot with two exit points; one on N. Lee Highway and the other exit point onto Stuckey Drive. The building is currently leased to a auto mechanic shop for $1,500 monthly. The surrounding area is undergoing rapid development to include single family homes, apartments and retail businesses. Daily traffic counts average 30,000 plus.

A bill board on the property is leased for $1,500 yearly.

Owner will include this listing in a property portfolio for anyone with a 1031 Exchange.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 034F A 002.00 000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Airport Road and Stuckey Drive
Property Visibility: Excellent
Largest Nearby Street: Lee Hwy
Feet of Frontage: 165
Traffic/Vehicle Count: 30,177
Highway Access: Minutes to I-75
Airports: Chattanooga Airport
Site Description: Painted block building with 1,260 SF. Large parking lot surrounding building for 20 plus cars.
Area Description: The building is located on a corner lot at a traffic light on N. Lee Highway. The area is booming with single family homes, apartments and businesses.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted block building with a paved parking lot surrounding building.
Total Parking Spaces: 20
Lot Frontage: 165
Lot Depth: 131
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 24,390 57,059
Median Age: 40.29 37.57
Households: 9,657 22,061

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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