Sentinel Commercial had this property under contract on the 17th on January
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 2,100 SF
Gross Land Area: 0.28 Acres
Sale Price: $125,000
Unit Price: $59.52 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 2,100 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2018
Overview / Comments
Located on the bustling E Main Street Corridor this property has excellent upside potential! Combing additional 50′ x 140′ adjoining parcel provides two entrances to the property, E Main St & S Willow Street. Total .275 Acre (50′ x 100′ building lot & 50′ x 140′ connected band and S Willow lot). 2100 sf + 5 rooms, 2 bathrooms, and rear door to fenced backyard. Outstanding opportunity for Main Street Location includes 50′ frontage on E Main including parking.
Nearest MSA: Chattanooga
Taxing Authority: Chattanooga
Tax ID/APN: 158B G 002 & 158B G 030
Retail Clientele: General, Business, Other
Property Located Between: E Main Street & S Willow Street
Property Visibility: Excellent
Largest Nearby Street: E. Main Street
Feet of Frontage: 50
Traffic/Vehicle Count: 7,600
Highway Access: 5 Minutes (2.6 mi) to I-24 to Nashville, Atlanta, GA or Knoxville, TN.
Airports: Chattanooga Metropolitan Airport
Site Description: 2 parcels totaling .275 acre with 1 2100 sf building and 50 feet of E Main Street frontage zoned C-2 and good traffic counts.
Area Description: East end of new developments on E Main Street between S Willow & Kelly Streets Nearby proximity to Standard Coosa Lofts a $57 million prospective housing development.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,100 SF
Property Condition: Fair
Year Built: 1928
Year Renovated: 2002
Roof Type: Flat
Exterior Description: Single Story Brick/Masonry Building providing rear access to 50′ x 140′ rear and S Willow side lot.
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: Asphalt in front of the building.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, DSL, Gigabit
Interior Description: 5 rooms and 2 bathrooms.
Zoning Description: C-2
Lot Frontage: 50′
Lot Depth: 140′
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt B Blk 1 Anderson & Eckford Addn Pb 3 Pg 34 & Pt Lt C Blk 1 Anderson & Eckford Ad Dn Pb3 Pg3
Proximity: 1 mile 3 miles 5 miles
Total Population: 9,664 82,942 147,350
Median Age: 30.64 35.83 36.88
Households: 3,153 33,523 61,087
Land behind the building
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