Free Standing Building near I-24 on Southside

Retail-Commercial for Sale
Catylist Listing ID: 30800820
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 5,087 SF
Gross Land Area: 0.31 Acres
Sale Price: $895,000
Unit Price: $175.94 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Market at Montague Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/5/2022

Overview / Comments

The Market at Montague Park is a free-standing brick and siding exterior building currently operating as a neighborhood market. The building has undergone updating as needed since its construction in 1940 with items such as a recently installed grease interceptor and built-in reach-in coolers with rear service for cold item sales. Floor plan is mostly open with minimal divisions and would be well suited for many purposes including restaurant/cafe, general retail, and office.

The site has approximately 16 marked parking spaces with additional potential parking areas. Montague Park is directly across 23rd Street and is home to the nationally known sculpture field. I-24 is just one block away.

Grease interceptor was recently installed. Hood system does not have an approved inspection. Buyer should make any all inspections deemed necessary or important and should not rely on any information provided here.

DO NOT SPEAK WITH EMPLOYEES. Current operator is not the owner and is a tenant.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga
Tax ID/APN: 033156A C 00100P000
Zoning: M-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1940
Roof Type: Other
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,060 67,848 139,056
Median Age: 31.06 34.77 36.83
Households: 2,090 27,035 57,232

Contact

Photograph of Listing Agent

John E Jewell

CBT Commercial Greater Chattanooga REALTORS® Member
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