212 Market

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30053732
Property Subtypes: Restaurant
Status: Pending/Contingent
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: 6/28/2017

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 and creative architects to design the building and only recently decided to close 212 and create this opportunity for the next restaurant experience in this prime location. The restaurant occupies 6,208 square feet of indoor space and an additional 404 square foot patio located on the second floor. Forbes Magazine in it's November 13, 2013 issue describes the physical location as follows: " The downtown eatery paints a picture of coziness with it's cottage-wooden tables, modest floral arrangements and warm service. The kitchen's cool, sustainable design takes on bison ribeye, trout and grass-fed burgers make the place downright irresistible". Obviously a new establishment will have a new take on menu items and atmosphere but the groundwork is already in place in a proven location.
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.
There are 16 parking spots on the .44 acres upon which the building sits.
The property is also listed For Sale at the asking price of $1,900,000.00.

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

Source

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