Prime Downtown Space for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30123304
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,955 SF
Gross Land Area: 0.26 Acres
Sale Price: $2,300,000
Unit Price: $330.70 PSF
Ceiling: 18 ft.
Property Use Type: Vacant/Owner-User
Building Name: Buehler's Market
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2017

Overview / Comments

Prime property available for sale and redevelopment in downtown Chattanooga's City Center district. This property is perfectly situated within walking distance from many of downtown Chattanooga's best known attractions including the Tennessee Aquarium, the Chattanooga Lookouts (AA Affiliate of the Minnesota Twins), the Hunter Museum of American Art, the Creative Discovery Museum, the IMAX 3D Theater, and the High Point Climbing Gym.

Immediate area includes numerous hotels, restaurants, residential units (apartments, condos, townhomes), and office buildings including the headquarters of two of the area's largest employers–Blue Cross Blue Shield of Tennessee (4,800 employees) and Unum (2,800 employees).

Additionally, this property is located approximately 1/3 of a mile from the Riverfront which plays host to a number of annual events including the Riverbend Music Festival, Head of the Hooch Regatta, and the Southern Brewers Festival.

Buyer to verify square footage.

**This property is also listed for lease. Contact listing agents for details.**

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135MDA 007
Zoning: D-SH-8
Retail Clientele: General, Family, Business, Tourist
Property Located Between: On Market Street, between 4th and 5th
Property Visibility: Excellent
Largest Nearby Street: Market Street
Feet of Frontage: 57
Highway Access: Hwy 27
Airports: Chattanooga - Lovell Field
Site Description: Level and could be accessed from both Market Street or Broad Street
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1976
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Single story, brick and vinyl siding.
Total Parking Spaces: 11
Parking Type: Surface
Parking Description: Presently, a surface lot is located in the rear of the existing structure and is accessible from Broad Street.
Zoning Description: C-3: Central Business, intended for maximum efficient density and diversity of commercial, government, and service enterprises in the downtown area.
Lot Frontage: 57
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt Pt 29,31 Original Town Market St N/R

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 48,763 128,103
Median Age: 32.04 33.81 37.12
Households: 3,804 19,658 53,376

Contact

Photograph of Listing Agent

Andrew D Holt

Healy & Company, LLC GCAR CMLS Member
Photograph of Listing Agent

John R Healy

Healy & Company, LLC GCAR CMLS Member
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