Honda of Chattanooga Property - Hwy 58

Retail-Commercial for Sale
Catylist Listing ID: 30585524
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 26,160 SF
Gross Land Area: 2.08 Acres
Sale Price: $2,800,000
Unit Price: $107.03 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Honda of Chattanooga
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

The main building located at 4915 Hwy. 58 was built in 1998, consist of approx. 20,560 SF. of Showroom / Parts / Service / and Warehouse areas which are currently being used for the Honda of Chattanooga Motorcycle Dealership. There is a separate storage/warehouse building, built in 2006, which has approx. 5,600 SF bringing the total Building area to approx. 26,160 SF. The Building sits on approx. 2 acres of land and is zoned C-2. There is a separate parcel of land zoned C-2 and M-3 located at 4978 Gold Wing Way, containing approx. 4.4 acres +/- of flat level graded property, that sits directly behind the dealership building, that has a Cell Tower with monthly income that can be purchased separately. This price is ONLY for the Real Estate (2.08 Acres) and Building(s) of approx. 26,000 SF. located at 4915 Hwy. 58. The Business/Dealership is also available and can be purchased separately from the Real Estate if desired. Honda of Chattanooga is still operating in the Building so all showings are by Appointment ONLY with advance notice. Square footage and acreage is taken from the Tax Records and is deemed reliable but not guaranteed. Listing Agent has not measured the space / building and does not guarantee the accuracy of the number of square feet or acreage. Square feet and acreage need to be verified by Purchaser / Tenant.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 120O-J-012.08
Zoning: C-2
Retail Clientele: General, Business, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Highway 58
Feet of Frontage: 60
Traffic/Vehicle Count: 39,000
Highway Access: State Route Hwy. 58 and State Route Hwy. 153.
Airports: Chattanooga Airport
Area Description: Located on Hwy. 58 near the Intersection of Jersey Pike and Hwy. 58. Close to Volkswagen Assembly Plant and Amazon.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1998
Year Renovated: 2006
Construction/Siding: Block, Metal Siding
Exterior Description: Block and Metal Siding.
Total Parking Spaces: 29
Parking Type: Surface
Parking Description: Paved Concrete Parking Surface.
Heat Type: Natural Gas
Internet Access: Gigabit
Zoning Description: C-2
Lot Frontage: 60'
Lot Depth: 330'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Hamilton County Tax Parcel # 120O-J-012.08

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,269 30,300 115,206
Median Age: 40.27 42.55 40.28
Households: 3,233 13,127 47,803
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.