Large Automotive Repair & Storage Site

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 29844082
Property Subtypes: Parking Facility, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 7,076 SF
Gross Land Area: 6.60 Acres
Sale Price: $650,000
Unit Price: $91.86 PSF
Drive In Bays: 4 Bays
Property Use Type: Vacant/Owner-User
Building Name: Hoyt's Automotive
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2018

Overview / Comments

Large industrial site on Lightfoot Mill Road near Bonnie Oaks, with fenced, level, concrete paved lot, ideal for use for truck repair and trailer parking and outdoor storage yard. Property located convenient to Hwy 153 providing easy interstate access. Also convenient to Bonnie Oaks Industrial Parks, Enterprise South, and Volkswagen.

Parcel 1: 6.32 Acres +/-.
Parcel 2: 0.28 Acres +/-

Property is improved with 3 structures:
1) a 3,960 SF +/- shop building (66'x60') with 4 service bays with 14'x14' doors and 16' high ceiling clearance. Includes a small reception area and office, with a mezzanine above for additional office and storage.
2) a 1,316 SF +/- single family ranch style home that can be used as a home or office space or for rental income.
3) a 1,800 SF +/- shed building (30'x60') for covered storage. Heavy timber frame with metal siding and roofing.

A large variety of tools and equipment are available and could be included in a sale, including a wrecker and a rollback truck. Previous automotive business had an active, transferable, "recycle" license allowing for junk yard storage.

Owner has done substantial fill work, raising property out of flood plains (not reflected on current County GIS data). Lot was paved in sections over time with 6" depth. The area nearest the garage was reinforced with wire, with the remainder of the sections being fiber-reinforced concrete.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 137C B 009
Zoning: M-1 & R-2
Market Type: Medium
Property Located Between: Tunnel Blvd to West and railroad viaduct to east
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Lightfoot Mill
Feet of Frontage: 800
Traffic/Vehicle Count: 3,150
Highway Access: Very near TN Hwy 153.
Airports: CHA
Site Description: Level land between Lightfoot Mill and Tennessee Valley Railroad Museum railway.
Area Description: Quiet area near industrial centers. Older, large-lot residential in area.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Year Built: 1984
Zoning Description: M-1 and R-2.
Lot Frontage: 800
Lot Depth: 340
Legal Description: Lots 13 to 20 of Sabine Addition to McCarty Subdivision

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,712 46,964 151,288
Median Age: 37.89 38.29 37.51
Households: 2,721 19,331 64,237
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.