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6870 Lee Hwy

Hickory Valley - Hamilton Place, Chattanooga, TN
Total Size
6,770 sqft
Zoning
C-2
Year Constructed
1950
Year Renovated
0
Building Class

About 6870 Lee Hwy

C-2 zoned lot located at the corner of Lee Highway and Conner Lane in the densely populated retail parameter surrounding Hamilton Place Mall. Hamilton Place is Tennessee's largest shopping destination with over 200 specialty stores and 30 restaurants located in its 100,000 sq. ft. interior and hundreds more in the nearby vicinity that attract over 22 million shoppers each year. This 5+ mile radius consists of large retail strip centers, professional offices, banks, restaurants/fast food chains and motels that create synergy among each other and drive retail gravity.

Subject features excellent retail potential on a mostly level, 1.12 acre lot with approximately 270 ft. of frontage along a major traffic corridor. This corridor - Lee Highway - is the chosen route for an estimated 19,000 cars each day. Lee Hwy is easily accessible with less than 1.0 mile to a major highway - Hwy 153 - and nearby interstate - I-75 - that both have estimated traffic counts exceeding 75,000/day. Chattanooga Metropolitan Airport is minutes away and brings a steady supply of tourists/traveling employees to nearby restaurants and retailers.

Property includes several vacant buildings and a service station that is no longer in business.Together, they combine to offer 6,700 sq. ft. of retail space with substantial land remaining for expansion if desired. Ideal for owner seeking low risk investment requiring very little effort to achieve success after initial development stages are complete. Copies of reports on selected soil samples reveals no contamination from occupying service station. Location sells itself with its outstanding visibility and easy access to large market made up of the main suburbs of Chattanooga - East Brainerd, Ooltewah, East Ridge and Brainerd - which combine to make up the market of 40,000 households within 5 miles. - Area description: Surrounding area is densely populated by retail-commercial uses; parameter surrounding Hamilton Place Mall features numerous, large retail strip centers that feed off unified "customer base" making it the hottest retail market in Chattanooga; surrounding businesses include Bi-Lo Shopping Center, CVS Pharmacy, CarMax, Memorial Credit Union, Homewood Suites by Hilton - Chattanooga at Hamilton Place Mall and Rain Thai Bistro.

There are several established customer sources nearby that will support increased business - numerous professional office buildings/complexes make for high employee traffic that could become future customers - lively nighttime and entertainment activity made up of shopping, dining and movie theaters keeps community active - nearby Chattanooga Metro. Airport and accompanying hotels for traveling employees who seek convenience - Number of buildings: 3 - Building condition: Good - Tenancy: Multiple Tenants

Internet Providers for 6870 Lee Hwy

Provider Technology Max Download Speed Max Upload Speed
EPB Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Tennessee DSL
25 Mb/s
3 Mb/s

The Neighborhood: Hickory Valley - Hamilton Place

Most listings are in the $0's per square foot per year. The Hickory Valley - Hamilton Place submarket is going through a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 100% decrease in rent.

Median Rate Median Size
Hickory Valley - Hamilton Place
/sqft/yr
sqft

Median Rate over Time in Hickory Valley - Hamilton Place