Corner Lot (former Sports Bar) Brainerd Rd at Tunnel Blvd

Retail-Commercial for Sale
Catylist Listing ID: 30149759
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 3,467 SF
Gross Land Area: 0.56 Acres
Sale Price: $250,000
Unit Price: $72.11 PSF
Property Use Type: Vacant/Owner-User
Building Name: former Tavern/Sports Bar
Usable Size (USF): 3,467 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2017

Overview / Comments

Value is in the land with high traffic count location, 3501 Brainerd Road formerly a Sports Bar/Tavern at the corner of Brainerd Rd and Tunnel Blvd. Excellent Traffic counts at 27,000 vpd on east side of McCallie Tunnel or 32,971 on west side of McCallie Tunnel. Convert back to Sports Bar/Restaurant or demolish building and use as retail site on corner lot with upside income producing potential, zoned C-2.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 157A C 016
Zoning: C-2
Property Located Between: Brainerd Rd & Tunnel Blvd
Property Visibility: Excellent
Largest Nearby Street: Brainerd Rd
Feet of Frontage: 132
Traffic/Vehicle Count: 27,000
Highway Access: Brainerd to Germantown Rd. to I-24 East or West.
Airports: Chattanooga
Site Description: former Sports Bar/Tavern zoned C-2. Value in the land, .56 ac with 27000 vehicles per day traffic count. Building could be renovated property sold as is.
Area Description: Chattanooga, the 4th largest city in the state, is located in Southeast Tennessee near the border of Georgia at the junction of four interstate highways. The city has received national recognition for the renaissance of its beautiful downtown and redevelopment of its riverfront. The city boasts the most productive affordable housing program in the nation, and is notable for leveraging development funds through effective public/private partnerships, with significant civic involvement on the part of private foundations. Chattanooga was one of the first US cities to effectively use a citizen visioning process to set specific long-range goals to enrich the lives of residents and visitors.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,467 SF
Property Condition: Fair
Year Built: 1960
Roof Type: Flat
Construction/Siding: Other
Exterior Description: 1960's era building
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: asphalt parking
Sprinklers: None
Internet Access: Cable, DSL, Gigabit
Interior Description: former Sports Bar needs renovation.
Zoning Description: C-2
Lot Frontage: 131.5
Lot Depth: 199.5
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt 18 Pt 14&17 Shipley Sub Of Lt 3 Pb7 Pg34

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,225 79,496 159,991
Median Age: 38.08 35.9 36.96
Households: 4,930 31,656 67,215

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