Income Producing Properties

Special Purpose for Sale
Catylist Listing ID: 30327343
Building Size (RSF): 133,800 SF
Gross Land Area: 5.35 Acres
Sale Price: $1,300,000
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/29/2018

Overview / Comments

Great business /investment opportunity! Two different properties being sold together. 501 Grant St, LaFayette, GA 30728 (tax id's 1048 005 & 1048 005A) is being sold with 3296 N. Hwy 27 LaFayette, GA 30728 (tax id 03224 005). The 501 Grant Street property has 6 warehouses with a total of 170 storage units with a possibility of room to build more. The 3296 N. Hwy 27 LaFayette, GA 30728 property has two warehouses with a total of 50 storage units. Both properties include a total of 220 units with approximate $13,380 per month potential income. Total potential annual gross income $165,960.00.

Hwy 27 property also includes two rental homes built in 1942 and 1956 bringing in approximately $1,150 per month/$13,800.00 per yr and billboards rental approximate $2,600.00 per yr.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County GA
Tax ID/APN: 03224 005 & 1048 005
Zoning: C1
Property Located Between: Chickamauga, GA and LaFayette, GA
Property Visibility: Excellent
Largest Nearby Street: US Highway 27
Highway Access: Yes, access to US Highway 27. Approximately 30 minutes from Interstate 75.
Airports: 10 mins north of LaFayette Barwick Airfield, 30 mins south of Chattanooga Metropolitan Airport
Total Number of Buildings: 10
Number of Stories: 1
Property Condition: Average
Year Built: 1996
Construction/Siding: Metal Siding
Parking Type: Surface
Zoning Description: C1 - General Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Ptll 242 8/4 and Ptll 63 7/4

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,176 17,076
Median Age: 39.31 39.12
Households: 2,804 6,342


Photograph of Listing Agent

Joanna Jackson

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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