Have The Best Restaurant Property on Signal Mtn

Retail-Commercial for Lease
Catylist Listing ID: 30011682
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 2,360 SF
Building Size (RSF): 2,360 SF
Gross Land Area: 1.50 Acres
Lease Rate: $14 PSF (Annual)
Base Monthly Rent: $2,753
Lease Types: NNN
Ceiling: 9 ft.
Building Name: Olive Bean
Usable Size (USF): 2,360 SF
Last Updated: 8/6/2017

Overview / Comments

The Olive Bean restaurant location on Signal Mtn is now available for lease too. The Landlords had a good business doing only breakfast and lunch but to really succeed on Signal Mtn you need to serve dinner too. The building and property is in its best shape ever and is in move-in ready. The property has been renovated and includes new HVAC systems, new roof, and new flooring to name a few.

Current occupancy is rated at 70 but does not include the seating for 35 on the two porches. The front porch is covered and has two ceiling fans. The setting is quiet and pretty.

The Landlords say they know of no reason why a liquor, beer and wine license could be not be obtained.

Expand All Available Space

Suite: 1404 2,360 SF $14 PSF (Annual) NNN
Space Available: 2,360 SF
Lease Rate: $14 PSF (Annual)
$2,753 (Monthly)
Lease Type: NNN
Space Description: The Olive Bean restaurant location on Signal Mtn is now available for lease as well as purchase. The sellers had a good business doing only breakfast and lunch but to really succeed on Signal Mtn you need to serve dinner too. The building and property is in its best shape ever and is in move-in ready shape. The property has been renovated and includes new HVAC systems, new roof, new flooring, new restaurant equipment and other furnishings to name a few.

Current occupancy is rated at 70 but does not include the seating for 35 on the two porches. The front porch is covered and has two ceiling fans. The setting is quiet and pretty.

The sellers say they know of no reason why a liquor, beer and wine license could be not be obtained.

Date Available: 11/1/2016
Space Type: Relet
Parking Spaces 30

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 098J B 021
Zoning: CC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: On James Blvd Near Thrasher Elementary School
Property Visibility: Excellent
Largest Nearby Street: Taft Hwy
Feet of Frontage: 130
Traffic/Vehicle Count: 12,046
Highway Access: Property is located just off of Taft Hwy.
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade. The building is set back only about 20 feet from the road. There is a parking lot to the left and around the building. Behind the main building is a small 682 square apartment building that is currently used for storage and as an office. This could be used as a residence for the restaurant manager or owner. Traffic count on James Blvd is about 3,000 per day.
Area Description: Signal Mtn is a suburban community about 20 minutes from Chattanooga. It is close enough that customers would drive up the mountain for dinner but the bulk of business will likely come from local residents.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 2,360 SF
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2012
Construction/Siding: Brick
Exterior Description: The property has a 500 foot covered porch on the front and a 250 foot side porch. The building has a residential look to it.
Total Parking Spaces: 30
Parking Ratio: 13 (per 1000 SF)
Parking Type: Surface
Parking Description: There is a parking lot to the left of the properrty plus additional parking in front and around the building. Additional parking could be created.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Current occupancy is rated at 70 which does not include seating for another 35 or so outside on the porches. The decor, furniture, wall coverings and decorations are beautiful.
Zoning Description: Community Commercial
Lot Frontage: 130
Lot Depth: 528
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,509 23,965 58,206
Median Age: 43.75 41.81 40.54
Households: 1,313 10,207 25,320

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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