2.44 ac. Hixson Pike | Chattanooga, TN Retail | ADT 30,000

Retail-Commercial for Sale
Catylist Listing ID: 30138764
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 1,861 SF
Gross Building Area: See Agent
Gross Land Area: 2.44 Acres
Sale Price: $550,000
Unit Price: $295.54 PSF
Property Use Type: Investment, Business
Building Name: Backyard Buildings
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2018

Overview / Comments

Additional details to follow soon.

The current operating business owner will collaborate with a new owner to continue with same operation, but the business continuation isn't a requirement for sale/transfer of property. If a new owner desires to continue with same shed supplier/manufacturer and/or operation then new owner would need to qualify.

The noted 2017 Gross Income is current and actual; the 2015, 2016 and 2017 Profit/Loss statements can be provided or discussed upon CA between prospective buyer or representative and the listing company/broker.

Listing Broker:
TRGI
Ken Armstrong, CCIM
1200 Mountain Creek Rd.
Chattanooga, TN 37405
423.875.3600
865.310.4092

Financials

Finance Data Year 2017
Gross Operating Income $88,000 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2016
Real Estate Taxes - Annual($) $7,200 (Annual)
Gross Operating Income $80,000 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name FAIRWAY Advertising
Industry Type Other Services
Is Renting? Yes
Tenant Notes Trivision face sign pylon on property conveys; lease abstract may be provided upon CA between prospective buyer and listing company/broker.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County TN and City of Chattanooga TN
Tax ID/APN: 100 025
Zoning: C-2
Retail Clientele: General, Business, Tourist
Property Located Between: Hixson and Soddy Daisy TN
Property Visibility: Excellent
Largest Nearby Street: TN State Highway/Road 153
Feet of Frontage: 300
Traffic/Vehicle Count: 30,000
Highway Access: 2 curb cuts on Hixson Pike
Airports: Chattanooga Metro

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,303 40,720 84,155
Median Age: 46.95 42.68 40.86
Households: 1,385 17,031 35,321

Contact

Photograph of Listing Agent

Ken Armstrong CCIM

The Raines Group, Inc. KAAR CIE Member
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