Turn key restaurant/event space

Retail-Commercial for Sale
Catylist Listing ID: 30169806
Property Subtypes: Day Care Facility, Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 3,664 SF
Gross Land Area: 1.59 Acres
Sale Price: $585,000
Unit Price: $159.66 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2017

Overview / Comments

The structure on this 1.59 acre site was built in 2016 and is currently operating as a bar/restaurant and event space but would be equally suitable as an office or daycare facility. All FF&E, including full kitchen with hood and in-ground grease interceptor, are to be conveyed with the property at no additional expense and everything was purchased new in 2016.

Interior finishes include two bar service areas, wall mounted televisions, ceiling projection system, ceiling speaker system, surveillance system, two HVAC systems plus mini-split, 12' kitchen hood, seating for restaurant, ample event furniture including tables and chairs, all kitchen equipment and too much to list.

Only a portion of this 1.59 acre site is cleared and being utilized and building was designed as a two unit strip center. Incredible property at this price and easily accessible from Shallowford Road near Lee Highway intersection.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, City of Chattanooga
Tax ID/APN: 148E A 034.01
Zoning: C2
Retail Clientele: General, Business, Traveler, Recreation
Property Visibility: Fair
Largest Nearby Street: Shallowford Road
Traffic/Vehicle Count: 30,000
Highway Access: Less than 1 mile from Interstate 75 at Shallowford Road
Number of Stories: 1
Property Condition: Excellent
Year Built: 2016
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Air Conditioning: Engineered System
Internet Access: Gigabit
Zoning Description: General Business
Water Service: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,532 40,114 118,971
Median Age: 37.45 39.86 39.88
Households: 3,331 17,505 49,567

Contact

Photograph of Listing Agent

John E Jewell

Boehm Hetzler & Jewell GCAR CMLS Member
© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.