7504 Lee Hwy, Chattanooga, TN 37421

Commercial property for lease

• Description
• 7504 Lee Highway consists of a 900 sq. ft. retail building located at a signalized intersection at the corner of Lee Highway and Tyner Road. With 246 ft. of frontage along Lee Highway as well as its location at an intersection, the property offers excellent street visibility on a major 3 lane daily feeder that is the chosen route for an estimated 19,000 VPD. Site is 0.34 acre, level topography, triangular in shape and includes 1 curb cut. Property has adequate parking, with 10 paved spaces surrounding the building and room for as many as 5 additional vehicles throughout the lot. Building is in overall great condition and is currently occupied by two tenants. Tenants include a hair salon, which is being leased for $850/month, and a barber shop that is being leased for $1,000/month. There are also 8 storage units located on the parcel that current owner does not own, however, receives split income of $200/month. In addition, there is a small billboard located on the site that brings in ancillary income of $300/year. Tenants of property are able to thrive in an extraordinarily convenient location that is at a mid-point to all major suburbs of Chattanooga. Lee Highway is a commercial corridor surrounded by residential areas including: Tyner, Tyner Hills, Hickory Hills, Hickory Valley and a portion of Shepherd. The state highway is bounded by Highway 153 on the west and I-75 on the east, providing direct and easy access to major suburbs such as East Brainerd, Ooltewah, East Ridge and Brainerd. The property boasts dynamic demographics with a population of 32,552 and median household income of $53,777 within a 3-mile radius. Site is situated in the densely populated retail parameter surrounding Hamilton Place Mall and is within minutes of the Chattanooga Metropolitan Airport as well as Enterprise Drive, making it an ideal retail location with a steady supply of tourists, travelers and employees in the area on a daily basis. Property is within close proximity to Bonny Oaks Drive and has less than 1 mile access to I-75.This income-producing property would make a great investment with a location that sells itself. Being located in the Lee Highway-Bonny Oaks-Shallowford Road growth area, there is a nice probability of increased rents for future owner. Motivated seller; property available for $275,000. Building price details: $225,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	10
  Parking Type:	Surface

• Contact info
• Joe M Pleva

  KW Commercial
• Note

• Details Info about this row that located on 7504 Lee Hwy, Chattanooga, TN 37421 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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