Restaurant Near Downtown

Retail-Commercial for Sale
Catylist Listing ID: 30043215
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Tavern/Bar/Nightclub
Building Size (RSF): 1,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $75,000
Unit Price: $57.69 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: Mr. Philly
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/30/2017

Overview / Comments

This is a great restaurant located near downtown Chattanooga off of I-24. There is high residential population and good access to public transportation. Keep it occupied as a restaurant or convert it to a retail store.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 156J E 019
Zoning: C-2
Retail Clientele: General, Family
Property Located Between: East 27th and East 28th Street
Property Visibility: Excellent
Largest Nearby Street: 4th Ave has an 11,312 traffic count as of 2015
Feet of Frontage: 120
Traffic/Vehicle Count: 11,312
Highway Access: I-24 is about a quarter of a mile away.
Airports: Chattanooga Metro Airport 7.4 miles away
Site Description: This site is ideal for a small restaurant or retail space catering to the local community.
Area Description: This area enjoys the walk-ability and convenience of the downtown area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,300 SF
Property Condition: Average
Year Built: 1971
Roof Type: Flat
Construction/Siding: Block
Exterior Description: The exterior is in good condition and has an overhang to provide a shaded eating area.
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: There is ample parking for employees and customers.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Gigabit
Interior Description: The interior is a clean pizza restaurant.
Lot Frontage: 120
Lot Depth: 95
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lts 9 & 10 Ocola Grove Pb 6 Pg 15

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,379 79,121 143,953
Median Age: 30.49 35.65 37.07
Households: 3,631 31,535 59,078

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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