AWARD-WINNING, TURN-KEY RESTAURANT

Retail-Commercial for Sale
Catylist Listing ID: 30246963
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 6,208 SF
Gross Land Area: 0.44 Acres
Sale Price: $1,800,000
Unit Price: $289.95 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 212 Market
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2018

Overview / Comments

This family-owned, stared restaurant is ready and waiting for new owners to continue the tradition or take advantage of a new opportunity. First, it sits on TWO lots (160'x121.5') in downtown Chattanooga, one block from the aquarium and river, sites of over a dozen special events taking place all year, and 16 PARKING SPACES.

If you wanted to walk in and open back up as 212 Market St. Restaurant and take advantage of it's reputation, you can, because all the plumbed and attached items are included. The rest of the appliances, furniture and dishes are negotiable and can be furnished upon request. With over 6,000 sf, there's open seating in the main dining area, a large private dining room with French doors, balcony seating, outdoor patio seating, huge bar with seating, two large private public bathrooms, and two additional bathrooms in the kitchen area.

We're not even going to bore you with the enormous kitchen, terraced garden area in the back, office area, solar system, two electric car charging stations, storage and supply rooms.

Let's say you have other dreams and decide to divide the existing finished space down the middle with one single wall. Because of the ceiling height, you could easily have two different restaurants or four businesses. And don't forget the additional lot next door that's currently being used as a parking lot. Have you priced the cost of parking in downtown Chattanooga lately? But whatever you do, the inside will amaze you with the quality of materials used, the polished wood finishes and bar, custom wooden shutters on all the windows, floor coverings, walls and furniture all in excellent condition because of their pride of ownership.

A list of equipment that remains is available. Table, chairs and dishes are negotiable.

Are you hooked? If not, all you need do is take a look at the attached photos and you'll be knocking down the door. Don't wait on the best opportunity in Chattanooga.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 135M A 005
Zoning: D-SH-6
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Walnut Street & Broad Street
Property Visibility: Excellent
Largest Nearby Street: Riverfront Parkway
Feet of Frontage: 160
Traffic/Vehicle Count: 13,145
Highway Access: Convenient access to I24, I75, and Highway 27.
Airports: Chattanooga Metropolitan Airport
Site Description: Situated on 2 city lots, the site offers a private parking lot, solar panels, and is walk-able to most everything downtown Chattanooga has to offer.
Area Description: Area is surrounded by local tourist attractions, hotels, business and residential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1991
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick with an outside upper level patio
Total Parking Spaces: 16
Parking Type: Surface
Parking Description: This space is complete with it's own parking lot - a rare find in a downtown market!
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Great layout for a continued use for restaurant
Zoning Description: D-SH-6
Lot Frontage: 160
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner
Legal Description: Pt Lts 8 & 10 Original Town Market St N/R 0057 17 011A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,784 48,305 126,789
Median Age: 35.92 34.59 37.08
Households: 4,485 19,427 52,867

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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