3824 Ringgold Road, Chattanooga, TN 37412
Commercial property for lease
- Description
- Kingwood Pharmacy, founded in 1945 and a pillar of the East Ridge community for 72 years has closed it doors and the property is now for sale. The property has large open areas for retail use, a pharmacy compounding lab with shelving, cabinetry, sinks, and central vacuum system. It also has a state of the art 12 x 12.9 "clean room" for sterile compounding and attached 6.8 x 8.3 "garbing room and sterile lab", both rooms are FDA approved with negative pressure. The "clean room" can be converted to Hazardous Drug Compounding. This is a great location for a compounding pharmacy, retail businesses, a repurposed use or redevelopment project. The location is about as good as it gets in East Ridge with high traffic counts and a signalized intersection. The option of adding residential in the mix is possible as there are three (3) apartments located above the first floor.Perfect spot for restaurant, fast food, convenience store, etc. The property is located in the East Ridge "Border Region Retail & Tourism Development District" which could allow a new owner / developer to receive sales tax rebates over 20 years. No retail prescription drug store, pharmacy, ordering, processing, or delivery facility may operate out of this location for 10 years through mid 2026. A compounding pharmacy is allowed however. Building price details: $750,000.
- Exterior Features
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Parking: Yes Parking Spaces: 50 Parking Type: Surface - Contact info
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Scott WilliamsonFletcher Bright CommercialLee Ann WilliamsonFletcher Bright Commercial
- Note
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- Property Details
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Building Name: Kingwood Pharmacy Property Type: Commercial (Other) Status: Available Building Size: 35,000 SF Number of Stories: 15 Year Built: 1945 Submarket: Free-Standing Building MSA: Chattanooga Zoning: C - 2 Buildings: 1 Construction: Block Terms: Cash to Seller Added: 11/18/2017