Catylist ID:
#30439900
Event Hall/Retail/Offices w/Parking
Retail-Commercial
for Sale
| Catylist Listing ID: | 30439900 |
| Property Subtypes: | Restaurant, Street Retail, Tavern/Bar/Nightclub |
| Building Size (RSF): | 9,620 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.66 Acres |
| Sale Price: | $650,000 |
| Unit Price: | $67.57 PSF |
| Property Use Type: | Vacant/Owner-User |
| Usable Size (USF): | 9,620 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/17/2021 |
Overview / Comments
|
This building is located off of Brainerd Road just as you come out of the McCallie Tunnel going eastward. The downstairs has been used as an event center, pub and restaurant. The dining space can seat 200, includes music surround sound and a performance stage. The space has a fully equipped commercial kitchen to include an ice maker, exhaust hood, and grease trap. There are 5 bathrooms total on the lower level. The downstairs space also has multiple entrances from Brainerd Road. The roof has three sections. Two of the three sections has a brand new roof. The upstairs space was previously used as an attorney's offices. There are 8 offices, two bathrooms and a full radio/music/webinar studio. It has a small kitchen and two bathrooms. Access to the upstairs can be obtained from the street and rear of the building. Each level has its own heating & air systems. This building has a side retail area that can be used for another business which has its own street entrance and bathroom. There is a .48 acre lot behind the building available for $150,000. This lot could be used for additional parking or new construction. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Tax ID/APN: | 033146M N 00200 |
| Zoning: | C-2 |
| Retail Clientele: | General, Family, Business |
| Property Located Between: | Brainerd Road and Rosemont Drive |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Brainerd Road |
| Feet of Frontage: | 90 |
| Traffic/Vehicle Count: | 36,772 |
| Highway Access: | Two minutes from I-75 and Hwy 24 |
| Airports: | Chattanooga Airport is 12 minutes away via Shallowford Road. |
| Site Description: | The .48 acre lot behind the building will be included in the sell if the property closes by February 15, 2021 |
| Area Description: | This property is 10 minutes from downtown Chattanooga and 2 minutes to access I-75 and Hwy 24. The Downtown/Hamilton bus line stops in front of the building. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 9,620 SF |
| Property Condition: | Fair |
| Year Built: | 1930 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Brick building with wooden deck and paved parking lot that will park 20 plus cars. The property also has an extra lot that can be developed. |
| Total Parking Spaces: | 20 |
| Parking Type: | Surface |
| Lot Frontage: | 90 |
| Lot Depth: | 100 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,778 | 79,588 | 154,435 |
| Median Age: | 37.69 | 35.95 | 36.98 |
| Households: | 4,455 | 31,630 | 64,573 |
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