Northshore Freestanding Retail-Commercial Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30663012
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 6,956 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $799,000
Unit Price: $114.86 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/5/2020

Overview / Comments

Own a piece of Northshore history! This 1930s retail-commercial building is nestled on popular Tremont St, within walking distance of other Northshore restaurants and businesses, and surrounded by an abundance of residential homes. The building itself features 5 suites, approximately 7,000 sqft over 2 floors, an expansive parking lot, and is zoned C-2. It was completely renovated in the early 2000s to include a new roof, mechanicals, plumbing, drywall, and finishes. 3 suites are situated on the building's main floor, 2 of which are occupied. The 3rd suite is approximately 800 sqft, and available for immediate occupancy by a tenant (or yourself). The 2nd floor boasts 2 suites; one is already set up as a large office with 7 private offices, a reception area, kitchenette, bathroom, and technical space. It is available for immediate occupancy. The 2nd suite is smaller, approximately 250-300 sqft, but includes a kitchenette and bathroom. It is currently leased. Handicap access for the 2nd floor is available at the back of the building. For those looking for a commercial space to owner occupy, there is special low-interest rate financing available with fixed rates up to 15 years (to qualify for this financing, owner must occupy at least 51% of the building). If you are an investor who loves Northshore then this is a great opportunity to take your skills and create a valuable income producing property. Schedule your private showing today!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135D Y 007
Zoning: C-2
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1930
Parking Type: Surface
Legal Description: Lt 1 Scalf's Sub Pb 4 Pg 47 Rev 55- 287 Rev 73-40 0039 08 054

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,714 54,475 131,073
Median Age: 37.6 34.8 37.32
Households: 3,238 22,576 55,253

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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