Retail Corner Lot

Retail-Commercial for Sale
Catylist Listing ID: 30223311
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 2,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $547,000
Unit Price: $237.83 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Daved's Deli
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/17/2018

Overview / Comments

Located at the corner of Middle Valley Rd and Thrasher Pike this lot provides maximum visibility. It is an ideal location for a regional mid-sized retailer or restaurant development. Located only about 5 miles from Chester Forest Park it is an attractive location for any hospitality or retail use.

Walmart Neighborhood Grocery is located next door to the property. Walmart attracts a verity of customers that pass the property daily.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Redevelopment District
Taxing Authority: Hamilton County
Tax ID/APN: 083H B 043
Zoning: C-2
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Middle Valley Rd and Thrasher Pike
Property Visibility: Excellent
Largest Nearby Street: Middle Valley Rd
Traffic/Vehicle Count: 4,666
Highway Access: There is access within 5 miles of TN-Hwy 153 and within 12 miles of Hwy 319.
Airports: Chattanooga Metro Airport
Site Description: This site offers an exclusive corner of Middle Valley Rd and Thrasher Pike that is not in the floodplain. It is across the street from the 29 million dollar Middle Valley Elementry and the Walmart Neighborhood Grocery. This is a popular corner.
Area Description: The area is in Hixson, TN has attracted many large retailers such as Walmart. The area is comprised of a local population that are empty nesters and midlife married couples earning from $53,000-$98,000 annually. There is growing demand for retail in this section of Hixson that many companies that serve as grocers, dining, fast food, and other retail should consider.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1920
Roof Type: Arched
Construction/Siding: Stucco
Total Parking Spaces: 20
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite, Gigabit
Zoning Description: Convenience commercial zone
Water Service: Municipal
Sewer Type: Municipal, Septic
Land Ownership: Owned
Legal Description: Lt 25 C H Chen Sub #2 39-216

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,805 28,099 71,652
Median Age: 40.92 40.96 41.73
Households: 2,569 10,868 28,460

Contact

Photograph of Listing Agent

Michael Taylor

Premier Property Group Inc. Greater Chattanooga REALTORS® Member
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