High Visibility Liquor Store

Retail-Commercial for Sale
Catylist Listing ID: 30152785
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 3,114 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $700,000
Unit Price: $224.79 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Business
Building Name: Welcome Liquor
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/20/2017

Overview / Comments

The south side of Chattanooga, TN is thriving and there are few properties left on this side of town. This entire block has the potential to grow into something amazing. This property is located just off of I-24 Exit 179 N. Off Ramp W. Bound. This area of I-24 has over 110,000 cars per day traveling past this location, which is just down the street from Finley Stadium and the South Side Social. Whether it be a restaurant, bar, or retail this location has lots of potential.

The business currently operates as a liquor store. There is potential of expanding the service and selection of this business.

Get your offer in soon.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 145M B 007
Zoning: U-CX-6
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: I-24 and Market St
Property Visibility: Excellent
Largest Nearby Street: I-24
Feet of Frontage: 147
Traffic/Vehicle Count: 14,439
Highway Access: Accessible to I-24, I-75, and Hwy 27.
Airports: Chattanooga Metro Airport 9.3 miles
Area Description: The property is located on the south side of Chattanooga, TN. This area is growing and thriving with entertainment, business, and housing. Currently there are many multifamily units going up and more business to come including Keller Williams Realty's new 10,000 sqft space scheduled to open in 2018.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,114 SF
Property Condition: Good
Year Built: 1969
Roof Type: Flat
Construction/Siding: Block
Exterior Description: The exterior is block and is located in an ever growing area.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: This property offers 15 total spaces with 3 entry and exit points.
Internet Access: Cable, DSL, Satellite, Gigabit
Interior Description: The interior of the space is large and features a finished basement. There are 2 showers and 2 restrooms. There was a restaurant that operated in the space and is currently unused, but features a hood vent.
Zoning Description: Commercial Mixed Use
Lot Frontage: 147
Lot Depth: 99.1
Water Service: Municipal
Sewer Type: Municipal
Easements Description: n/a
Land Ownership: Owned
Legal Description: Pt Lt 4-11 Blk I Central Realty Co Pb13 Pg12 0114 26 10

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,636 59,708 131,394
Median Age: 30.83 34.04 36.69
Households: 2,942 23,475 54,222

Contact

Photograph of Listing Agent

Michael Taylor

KW Commercial GCAR CMLS Member
Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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