9018 Ooltewah Georgetown Rd Ooltewah, TN 37363

Property Details for 9018 Ooltewah Georgetown Rd

Year built

1985

Lot size

4.90 lot acres

Property size

19,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 19,500-square-foot shopping center in Ooltewah, Tennessee, presents a unique investment opportunity. Located at 9018 Ooltewah Georgetown Rd, 37363, this single-story, 11-unit property sits on a 4.9-acre lot zoned C2. Built in 1985, the center currently boasts 80% occupancy with eight tenants, offering a mix of unit sizes ranging from 600 square feet to 4,778 square feet. Two vacant units, totaling 7,167 square feet (Suite 106: 2,389 SF and Suites 118/122: 4,778 SF – currently combined with office and flex space), provide immediate upside potential. The asking price is $2,750,000, translating to $141.03 per square foot. While the current income may not meet traditional investor return expectations, the significant land size and strategic location at a hard corner, coupled with proximity to Ooltewah (7.5 miles) and Cleveland, TN (10 miles), and easy access to Highway 58, offer substantial long-term growth prospects. The property presents a compelling opportunity for an investor seeking either increased rental income through lease adjustments or a significant redevelopment project. Financial details will be provided upon execution of a letter of intent.

Location Insight

City

Ooltewah

County

Hamilton

State

Tennessee

Longitude

-85.027320241328

Latitude

35.174389834102