4 Unit Retail Space

Retail-Commercial for Sale
Catylist Listing ID: 30399985
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 4,200 SF
Gross Land Area: 5,350 SF
Sale Price: $475,000
Unit Price: $113.10 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 50
Last Updated: 3/27/2019

Overview / Comments

Opportunity for an existing retail space in the "Old Brainerd" area near Missionary Ridge. Currently divided into 4 separate retail spaces with the end units leased to long term tenants. Properties on either side are currently being renovated and leased. Each unit is currently about 1000 sq ft and approximately 18" wide x 55" deep. Access to each unit is also available from the rear. Renovation would allow for combining two or all the units for a larger space. Parking is available along the street.

Current Tenants

Tenant Business Name Happy's Fish Restaurant
Is Renting? Yes
Tenant Business Name Kermit Hair Styling

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga and Hamilton County
Tax ID/APN: 146M M 029
Zoning: C-2
Retail Clientele: General
Property Located Between: Intersection of Brainerd Rd and Elmwood
Property Visibility: Excellent
Largest Nearby Street: Brainerd Rd
Feet of Frontage: 75
Highway Access: Approximately 1 mile from I-24
Airports: Chattanooga Municipal
Site Description: Fronts on public sidewalk with on-street parking. Public rear alley is access to limited rear parking
Area Description: The retail area is surrounded by Single family and Multi-family housing. This unique area has housing from upper income to low income.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,200 SF
Property Condition: Poor
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick front with small awning. Windows are currently covered with vinyl siding. Roof is rolled asphalt.
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: Limited parking in the rear and on-street parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Heat Pump, Other
Air Conditioning: Other
Internet Access: Fiber Optic
Interior Description: Interior needs renovation. Currently walls are paneling and drop ceiling. Floors are wood and some units are damaged.
Zoning Description: Located along a mixed use commercial corridor with small to medium size office, restaurant, retail and distribution businesses
Lot Frontage: 75
Lot Depth: 75
Sewer Type: Municipal, Storm
Easements Description: Unknown
Land Ownership: Individual
Legal Description: LT 2,3,4 LON D WORSHAMS PB10 PG11 0079 10 11

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,699 79,588 155,317
Median Age: 38.8 35.95 37.07
Households: 4,616 31,630 64,978

Contact

Photograph of Listing Agent

George H Patten

Real Estate Brokers Greater Chattanooga REALTORS® Member
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