306 W. Main

Retail-Commercial for Sale
Catylist Listing ID: 30034482
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 8,712 SF
Sale Price: $1,850,000
Unit Price: $231.25 PSF
Property Use Type: Investment, Business
Building Name: 306 W. Main Street
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/14/2017

Overview / Comments

Includes 2 tax parcels - 306 & 300 W. Main.
3 Retail/Office/Mixed Use Suites that front on Main each approximately 900 SF (1 is being used for apartment rental). One is being used as Urban Lawn Event Space along with Courtyard/Green Space/Patio.
Warehouse Space in rear approximately 4,000 SF
Loft Style Apartment on second level
Gravel Parking on Cowart

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033145K J 00600P000
Zoning: U-CX-4
Retail Clientele: Other
Property Located Between: Broad & Cowart
Property Visibility: Excellent
Largest Nearby Street: Main & Broad
Highway Access: Minutes to Interstate 24 & Highway 27
Airports: Chattanooga Metropolitan Airport
Site Description: Gateway to Southside Corner of Main & Cowart
Area Description: One of the most active areas in Chattanooga with many new restaurants, nightlife and residential developments
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1956
Year Renovated: 2008
Construction/Siding: Block, Brick
Parking Type: Surface, Other
Parking Description: Off Street Parking, Some on-site parking, parking lot nearby
Heat Source: Central
Zoning Description: Form Base Code U-CX-4 4 story max allowed, mixed use, multi family, townhomes
Water Service: Municipal
Sewer Type: Storm
Legal Description: 2 Tax Parcels Included with Purchase 145K J 006 - Lt F Gouchers Sub Lts 1,2,3 N/R 010 1 16 16 006 145K J 007 - Lt 3 Gouchers Sub Lot 1,2,3 N/R 010 1 16 05

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,344 54,331 126,137
Median Age: 32.23 33.87 36.6
Households: 3,714 21,466 52,069

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