Restaurant Business & Building on Hwy 58

Retail-Commercial for Sale
Catylist Listing ID: 30518478
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 3,348 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Sale Price: $800,000
Unit Price: $238.95 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/11/2020

Overview / Comments

This is a well-established restaurant with a good client base. The restaurant has been in business since 1942. The building is 3,348 SF and was built in 1996. It has a spacious dining hall and a separate bar/lounge. The business has 120 inside seats and 16 outside seatings. The kitchen is fully equipped with commercial grade appliances and a 1,500 gallon in-ground grease trap and a large outdoor smoker. The large parking lot has been recently paved and the building has been well maintained. In addition to the location business, the current owner caters to a large array of clients from 50 to 500 plates.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033121C D 00102
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Congress Lane and Deerwood Drive
Property Visibility: Excellent
Largest Nearby Street: Hwy 58
Feet of Frontage: 217
Traffic/Vehicle Count: 25,000
Highway Access: Quick and easy access to Hwy 153 and I-75
Airports: Chattanooga Airport
Site Description: This property has a well maintained building with large paved parking lot off of Hwy 58.
Area Description: The restaurant is surrounded by businesses and single family homes. A 200 plus Class A apartment complex across the street is due to be completed in the next 6 months.,
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,348 SF
Property Condition: Good
Year Built: 1996
Parking Type: Surface
Lot Frontage: 217
Lot Depth: 272
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,866 19,988 68,131
Median Age: 40.47 39.22 41.09
Households: 1,489 7,610 27,224

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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