Event Hall/Retail/Offices w/Parking

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30439900
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending
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: 1/19/2022

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.
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
Total Parking Spaces: 12
Parking Type: Surface
Lot Frontage: 90
Lot Depth: 100

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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


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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