212 Market

Retail-Commercial for Sale
Catylist Listing ID: 30053732
Property Subtypes: Restaurant
Building Size (RSF): 6,208 SF
Gross Building Area: See Agent
Sale Price: $1,900,000
Unit Price: $306.06 PSF
Property Use Type: Vacant/Owner-User
Building Name: 212 Market Restaurant Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

The 212 Market Restaurant pioneered the downtown Chattanooga renaissance when it opened in 1992 and operated successfully for a quarter century in the same location. The Moses sisters engaged one of the region's most respected architects to design the building and only recently decided to create the next opportunity for a new owner in this prime location in the tourist district/central business district on the Tennessee River. Forbes Magazine in it's November 13, 2013 issue describes the physical location as follows: " The downtown eatery paints a picture of coziness"...that makes "the place downright irresistible". The groundwork is in place in a proven location.
The restaurant occupies 6,208 square feet of indoor space and an additional 404 square foot patio located on the 2nd floor. The restaurant's private party room seats 40-50 people, and larger groups can be accommodated in the main portion of the restaurant: up to 120 for a sit-down dinner, 250 for a stand-up party. Kitchen equipment intact.
There are 16 parking spots, including electric car chargers, on the .44 acres upon which the building sits. The rubber roof has extra insulation and is still under warranty with kitchen equipment vented through the roof. There are solar panels, glazed tinted windows, and all-LED lighting included to save on energy costs. There are also water-saving devices installed on the premises. A great facility AND location.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, TN
Tax ID/APN: 135M A 005
Zoning: C-3
Retail Clientele: Family, Traveler, Tourist
Property Visibility: Excellent
Year Built: 1991

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,784 48,305 126,789
Median Age: 35.92 34.59 37.08
Households: 4,485 19,427 52,867

Contact

Photograph of Listing Agent

Gerald D McCormick

Stone Fort Properties GCAR CMLS Member
Photograph of Listing Agent

Peter R Avisto

Stone Fort Properties GCAR CMLS Member
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