Investment Retail Center for Sale

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30765813
Property Subtypes: Free-Standing Building
Building Size (RSF): 12,620 SF
Gross Building Area: See Agent
Gross Land Area: 0.91 Acres
Sale Price: $1,200,000
Unit Price: $95.09 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

This is a great value add opportunity on Signal Mountain TN. Six (6) successful tenants that serve the Signal Mountain community. There is a competitive advantage for any commercial property owner on Signal Mountain due to the small supply of additional land that can be developed. This property can be enhanced by increasing the rents. There is 152' of frontage. All spaces are separately metered for utilities. Property was repainted 3 years ago, new membrane roof over CrossFit, Costumeville and Merry Berry 3 years ago, new parking lot light.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $17,682 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033098O C 02100P000
Zoning: HCD
Property Visibility: Good
Feet of Frontage: 152
Site Description: Level
Area Description: See Agent for directions.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1993
Roof Type: Other
Construction/Siding: Block, Concrete
Total Parking Spaces: 31
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Lot Frontage: 152
Lot Depth: 273

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,991 27,492 62,889
Median Age: 40.45 40.87 40.34
Households: 2,137 11,832 27,345
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