2000 SF Building Near North shore

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30426204
Property Subtypes: Free-Standing Building, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 2,271 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: $265,000
Unit Price: $116.69 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Great retail potential for this property located on heavily trafficked Dayton Blvd., just past Cherokee tunnel that opens up to North Shore and downtown. The property has excellent visibility with 100 feet of frontage along Dayton Blvd., that has nearby traffic counts of 11,459 daily. This property serves North Shore, downtown, Red Bank and Signal Mountain. There is a strong need for restaurants, retail and convenience stores in this area.

The level lot consist of two buildings, a small paved parking lot, and 2 income producing billboards. The brick building that fronts Dayton Blvd. features 752 sf of retail space that was previously used as a bar/tavern. There is also a 1,419 sq garage/storage building in the rear portion of the property that has been half renovated and has 2 roll-up doors. Access to the rear building is secured by a fence. The paved lot in front of the main building has the capacity for as many as 15 parked cars.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033126N B 00700
Retail Clientele: General, Family, Business
Property Located Between: Hiram Avenue and Dayton Blvd
Property Visibility: Excellent
Largest Nearby Street: Dayton Blvd.
Feet of Frontage: 100
Traffic/Vehicle Count: 11,459
Highway Access: 1 mile access to US-27 via Signal Mountain Road I-24, I-75 and I-59 all within minutes from property
Airports: Chattanooga Metropolitan Airport (CHA) - 9.7 miles away from property
Site Description: Level .33 acre site; 100 ft. of frontage along Dayton Blvd., excellent visibility with high traffic counts. Located on the right side of Dayton Blvd. just through the Cherokee tunnel coming from downtown/North Shore.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1920
Exterior Description: Reinforced concrete building with 752 sf of retail space. 1,419 sf building in rear portion of property used as a garage/storage warehouse and has 2 roll-up doors.
Lot Frontage: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,002 44,647 112,263
Median Age: 33.55 35.83 36.83
Households: 1,391 19,136 47,041


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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