Shopping Center available for redevelopment

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 29776681
Property Subtypes: Grocery-Anchored, Neighborhood Center
Status: Pending
Building Size (RSF): 55,182 SF
Gross Building Area: See Agent
Gross Land Area: 8.36 Acres
Sale Price: $880,000
Unit Price: $15.95 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Foxwood Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2018

Overview / Comments

Location offers well-defined, urban demographic in an area underserved by retail, creating great opportunities for redevelopment of this shopping center, sited on 8.36 Acres +/- with a Gross Leasable Area of 55,182 SF +/-.

Former Food Lion Anchor suite (26,752 SF +/-) would be perfect for an independent grocer, discount store, or general retail. Coolers, equipment and shelving are all included.

In-line shop space (with spaces currently ranging from 2,000 SF - 7,680 SF) would be great for a restaurant, tobacco store, beauty supply or beauty salon, nail salon, cell phone store, office users, and others.

The Family Dollar and car wash are located on adjacent out-parcels and are not included.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 137P N 008
Zoning: C-2
Market Type: Medium
Retail Clientele: General, Family
Traffic/Vehicle Count: 13,059
Transportation: Bus
Year Built: 1990
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 284

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,394 63,320 161,523
Median Age: 41.34 36.15 37.13
Households: 4,188 25,939 68,813
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