Retail Business Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 29839214
Property Subtypes: Convenience Store, Retail-Pad
Building Status: Proposed
Building Size (RSF): 1,960 SF
Gross Land Area: 0.22 Acres
Sale Price: $125,000
Unit Price: $63.78 PSF
Ceiling: 13 ft.
Property Use Type: Business
Building Name: Mc Daniel Resale Shop
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2018

Overview / Comments

Currently operating as a neighborhood resale Shop featuring both new and used items. Operating hours is 12 p.m. - 3:30 p.m. Wednesday thru Saturday. Additional .50 acres of adjacent land is available for additional or future expansion. One lot next door is a cleared lot currently rented to a used tire salesman. Another vacant, and clear lot is adjacent to the used car tire lot. It is a corner lot. Both lots are listed separately (see Catylist #29839215 and 29839216).

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County Tennessee
Tax ID/APN: 146D E 016
Zoning: C 2
Market Type: Medium
Retail Clientele: General, Business, Other
Property Located Between: E. 3rd Street and Wilcox Blvd.
Side of Street: Northeast
Road Type: Highway Service Drive
Largest Nearby Street: E. 3rd Street
Feet of Frontage: 132
Traffic/Vehicle Count: 9,874
Transportation: Bus, Taxi
Highway Access: I-24 approx. 10.6 miles from property, I-75 approx. 12.9 miles
Site Description: One level building is in good condition. The lot is level. It has high visibility on a heavily traveled street. There is a vacant lot next door that is currently rented to a used tire salesman. The lot next door to the tire shop is level and is available as well. Same owner owners the three consecutive parcels. The lot on the corner of Citico and Dodson belong to the church.
Area Description: A residential area located within 10 minutes to downtown. Various other businesses are located on both sides of the street adjacent to property. There is a church across the street and one on the corner from property. Two major hospitals are within a two to three mile radius of property.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,940 SF
Property Condition: Good
Year Built: 1940
Year Renovated: 2011
Roof Type: Flat
Exterior Description: Brick Exterior
Parking Type: Surface
Parking Description: Multiple parking spaces available
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Open space design and used for retail sales. Partitions are used to separate the office area. One bath is available for general use.
Zoning Description: C 2
Lot Frontage: 132.24 Feet
Lot Depth: 133 Feet
Easements Description: N/A
Land Ownership: Owned
Legal Description: Pt Lts 11-13 Blk 6 Missionary Heights Pb 5 Pg 24

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,362 76,758 148,745
Median Age: 37.35 35.14 36.68
Households: 5,000 30,593 62,950
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.