7703 Lee Hwy - Storefront FOR SALE


Chattanooga, TN 37421- Westview-Mountain Shadows
$850,000 USD
423-838-3600
7703 Lee Hwy, Chattanooga, TN for Sale
$850,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

7703 Lee Hwy
Chattanooga, TN 37421
Westview-Mountain Shadows


OVERVIEW

In the path of development for area. From its opening, the VW Assembly Plant and other factors have pulled the demographic and development center of the Chattanooga region in this direction. Apartment development imminent nearby. The three hotel properties surrounding this site are on the market and garnering interest from developers for a new, 8-acre apartment development. Other new development in area. New Subaru dealership across the street. Around the corner, new Taco Bell, new Starbucks under construction. 200 Yards from ramp for I-75. I-75 has over 100,000 vehicles per day near this exit. 22,220 vehicles per day on Lee Hwy and growing. Successful retail site for 40 years. This site hosted a liquor store for 4 decades through 3 owners before last owner passed away. Great location for new development, or for use of existing retail building, especially with apartment development likely on surrounding properties. Proximity to I-75 supports any number of retail uses. With 3 car dealerships and a motorcycle dealership this site could be an excellent automotive retail site. Proximate to VW Assembly Plant and Amazon Regional Distribution Center.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Liquor Store Just of I-75 Surrounded b

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C2

APN/PARCEL ID

139F-A-005

ASK ABOUT THIS PROPERTY

Benjamin PittsHerman Walldorf Commercial, Inc.More Info
423-838-3600

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Benjamin PittsHerman Walldorf Commercial, Inc.More Info
423-838-3600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.