Small Restaurant For Sale or Lease

Retail-Commercial for Sale
Catylist Listing ID: 30163493
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,864 SF
Gross Land Area: 0.50 Acres
Sale Price: $399,000
Unit Price: $139.32 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: River Canyon Grill
Usable Size (USF): 2,864 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

The River Canyon Grill just closed but can be reopened and turned into a thriving restaurant with an experienced restaurant owner. It has been remodeled recently and is in great shape. The setting is great being just across from the Tennessee River.

The restaurant has been mostly recently run as a neighborhood grill but could be expanded to be a more regional restaurant. The proximity to Signal Mtn, Red Bank and North Chattanooga has not been exploited for customers. The traffic counts on Suck Creek are about 6,000 cars per day.

The current parcel includes about 8.5 acres on land. The seller will subdivide the parcel and sell about 0.5 acres with the store.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 116 021.08
Zoning: C2 & R2A
Retail Clientele: General, Business, Tourist
Property Located Between: Suck Creek Rd across from TVA public boat launch on TN River
Property Visibility: Excellent
Largest Nearby Street: Signal Rd
Feet of Frontage: 200
Traffic/Vehicle Count: 5,500
Highway Access: Hwy 27 and I-24 are easily accessed via Signal Mountain Rd
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade. The property fronts Suck Creek Rd and across the street is the Tennessee River. Also across the street is a boat launch area and large parking lot controlled by TVA.
Area Description: The site is at the base of Signal Mountain, along Suck Creek Rd about 2 miles from the intersection of Suck Creek Road and Signal Mountain Road. The site is directly across from the Suck Creek Rd. public boat launch.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,864 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 2016
Construction/Siding: Block
Exterior Description: The restaurant has a recently added porch on front.
Total Parking Spaces: 25
Parking Ratio: 9 (per 1000 SF)
Parking Type: Surface
Parking Description: There is paved parking in front and a gravel parking lot to the left. It is possible to add another parking lot behind the restaurant.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The interior has recently been remodeled and is very attractive. There is a counter bar that seats about 15 and then several tables and a pool table room. Additional seating could be added where the pool table is. There is a small kitchen.
Zoning Description: Zoned C2-Commercial and R2A
Lot Frontage: 200
Lot Depth: 100
Water Service: Well
Sewer Type: Septic
Land Ownership: owned
Legal Description: The total property today is about 8.5 acres. Seller intends to sell only about 0.5 acres with the restaurant. See maps.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,726 16,083 54,442
Median Age: 59.36 42.27 37.88
Households: 811 7,022 23,310

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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