E Main Street former Cotten Patch Bar-B-Q Restaurant

Industrial for Sale
Sale Pending
Catylist Listing ID: 29995207
Property Subtypes: Free-Standing, Mixed Use, Light Industrial
Status: Pending
Building Size (RSF): 3,834 SF
Gross Land Area: 1.45 Acres
Sale Price: $249,999
Unit Price: $65.21 PSF
Property Use Type: Vacant/Owner-User
Building Name: former Cotten Patch Bar-B-Que Restaurant
Usable Size (USF): 3,834 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2017

Overview / Comments

former Cotten Patch Bar-B-Que Restaurant, closed 1989-1990. 1.45 Acres five minutes from I-24, east or west. Bus Stop located directly in front of property on E Main Street. Value of this property is in the land. Zoned M-1 for building and C-2 for parking lot could be used for light industrial (building or electrical supply, retail (restaurant), apartments, offices and more. E Main Street intersects Dodds Avenue which is the opposite end of busy Southside of Chattanooga.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 156C Q 001
Zoning: M-1/C-2
Property Located Between: E Main Street & E 14th Street bordered by Buckley St.
Highway Access: East Main to S Kelly to 4th Avenue to I-24, 5 minutes maximum drive-time.
Airports: Chattanooga Metropolitan Airport, Lovell Field
Site Description: 1.45 acres within Chattanooga city limits. The former Cotten Patch Bar-B-Que restaurant was built in the mid-60's and closed within 1989-1990 timeframe. The value with this property is the 1.45 acres of land and location on the opposite end of Main Street to the busy stylish Chattanooga Southside.
Area Description: Wall Street Journal writes that Chattanooga is now one of the nation’s strongest local economies and relates the cities growing housing market and major job creation successes as byproducts of a community. A journalist for Southern Living wrote, “few cities have reinvented themselves over the past few decades as successfully as Chattanooga,” and “[Chattanooga] now shines as one of the most family-friendly, outdoorsy spots in the South.”
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1965
Roof Type: Flat
Parking Type: Surface
Parking Description: 1.45 Acres over half paved.
Sprinklers: None
Zoning Description: M-1, this property has many different uses.
Lot Frontage: 215
Lot Depth: 294
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Owned
Legal Description: 2501 E Main Street, Parcel ID/Tax ID.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,340 80,523 150,954
Median Age: 31.28 35.91 36.75
Households: 5,271 32,386 62,549

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