706 Market Street

Retail-Commercial for Sale
Catylist Listing ID: 30144815
Property Subtypes: Mixed Use, Restaurant
Building Size (RSF): 22,080 SF
Gross Land Area: 5,520 SF
Sale Price: $1,200,000
Unit Price: $54.35 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2017

Overview / Comments

Great opportunity to own historic 3 story Commercial/Retail building that contains 5520 square feet per floor and 5520 square feet in the basement. The property is located in the central business district of downtown Chattanooga. Downtown Chattanooga has developed into a "dynamic" center of tourism and business. The property Could be converted to apartments, condo/office with retail on main level. Passenger and freight elevator condition unknown. Property owner is currently operating business as Downtown Mart.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145DAD 01800P000
Zoning: C-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: East 7th Street and 8th Street on Market Street
Property Visibility: Excellent
Largest Nearby Street: Market Street and Broad Street
Feet of Frontage: 46
Traffic/Vehicle Count: 14,760
Highway Access: Hwy 27, I-24 and I-75
Airports: Chattanooga Metropolitan Airport
Site Description: Downtown Chattanooga between East 7th Street and 8th Street on Market, across from First Tennessee Bank with great visibility.
Area Description: Heart of downtown Chattanooga. Commercial/Retail area with many similar type properties. a few blocks from Tennessee Aquarium, The Marriott Convention Center, Federal Courthouse, County Courthouse, Major Banks, Shops, EPB, BCBS, UTC, Miller Park Plaza, Restaurants, Condos and Hotels.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 5,520 SF
Property Condition: Average
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Zoning Description: C-3
Lot Frontage: 46
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Owned
Legal Description: Pt Lt 48 Original Town Market St N/R

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 127,127
Median Age: 32.04 33.96 36.72
Households: 3,804 20,870 52,886

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