Northshore Gem

Retail-Commercial for Sale
Catylist Listing ID: 30769180
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $765,000
Unit Price: $191.25 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2021

Overview / Comments

Own a piece of the Northshore.
Opportunity for redevelopment to residential. Although zoned M2, adjacent lots are zoned E-R3 and R4 for development opportunities.
Recent renovations in this free standing flex space building. The building has been repainted throughout the interior and the exterior. New Bathrooms and a kitchenette have been added to the property. Bright lighting has been added throughout the large open space which could be used for a studio or a showroom. This space is 75' x 25'. There is warehouse space which has HVAC for storage with roll up door access off Peak St. The warehouse area is 100' x 13'. New HVAC and roof have been installed. With a reception area, conference room, open space, this space is ideal for a showroom, a dance/yoga studio, co op work, classes/training, etc. The property allows parking along the entrance and free street parking. The property has visibility from N Market and is only a few blocks from the Publix center.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033126M C 00700P000
Zoning: M2
Retail Clientele: General, Business
Property Visibility: Excellent
Feet of Frontage: 103
Area Description: Located in the popular Northshore district. Publix is just a few blocks away. Area is surrounded by redeveloped housing and commercial properties. Businesses range from architects to trendy boutiques. Community area teaming with commercial and residential rehabs, new residential developments and locally owned businesses. Only 8 blocks from the bustling retail lined street of Frazier Ave.
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 1961
Year Renovated: 2021
Total Parking Spaces: 4
Parking Description: 4 spots at the entrance dedicated to the building with an additional street parking along N Market, the small triangular park and Peak St.
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Engineered System
Internet Access: Gigabit
Lot Frontage: 103
Lot Depth: 54
Water Service: Municipal
Sewer Type: Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,263 52,657 126,317
Median Age: 34.74 35.16 37.38
Households: 4,038 22,066 52,941

Contact

Photograph of Listing Agent

Anne L Najjar

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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