For Sale
For Sale
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Year Built
1982
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Total Building Size
106,964 RSF
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Overview
East Ridge Shopping Center, is located in the Chattanooga Metropolitan area of East Ridge. .3 mile east of Interstate-75 at Exit 1, .62 miles from the Georgia border and two exits from Hamilton Place Mall.
East Ridge Shopping Center is located next to Jordan Crossing a 50 acre Bass Pro anchored retail development which will consist of retail, restaurants and hotels. The 85,000 sq ft Bass Pro Retail Development project is scheduled to open in the Summer of 2016.
East Ridge Shopping Center is located in the Border Region Retail Tourism Development District.
The property is located within the Border Region Retail Tourism Development District. The "Border Region Act" allows the city to collaborate with private business to create new development within a defined area. If the investment in the new development exceeds $20 million and draws one million customers/ tourists a year, the city would receive 75 percent of the sales tax generated by the new businesses in the development. The sales tax revenue would then be used to repay the borrowed money. That process would be done through a bond issue overseen by the city's Industrial Development Board. For more information on the Border Region Retail Tourism Act please click on the link below.
City of East Ridge URL: http://www.eastridgetn.org/Government/Industrial-Development-Board.aspx
Property Details
East Ridge Shopping Center, is located in the Chattanooga Metropolitan area of East Ridge. .3 mile east of Interstate-75 at Exit 1, .62 miles from the Georgia border and two exits from Hamilton Place Mall.
East Ridge Shopping Center is located next to Jordan Crossing a 50 acre Bass Pro anchored retail development which will consist of retail, restaurants and hotels. The 85,000 sq ft Bass Pro Retail Development project is scheduled to open in the Summer of 2016.
East Ridge Shopping Center is located in the Border Region Retail Tourism Development District.
The property is located within the Border Region Retail Tourism Development District. The "Border Region Act" allows the city to collaborate with private business to create new development within a defined area. If the investment in the new development exceeds $20 million and draws one million customers/ tourists a year, the city would receive 75 percent of the sales tax generated by the new businesses in the development. The sales tax revenue would then be used to repay the borrowed money. That process would be done through a bond issue overseen by the city's Industrial Development Board. For more information on the Border Region Retail Tourism Act please click on the link below.
City of East Ridge URL: http://www.eastridgetn.org/Government/Industrial-Development-Board.aspx
- Property TypeRetail
- Year Built1982
- Sale Price$5,800,000
- Total Building Size106,964RSF
- Total Acres18.28
- Sale StatusAvailable
- Property ID1267575