Income Producing Properties

Special Purpose for Sale
Catylist Listing ID: 30759378
Property Subtypes: Sports/Entertainment
Building Size (RSF): 7,875 SF
Gross Building Area: See Agent
Gross Land Area: 9,575 - 19,150 SF
Sale Price: $1,000,000 - 1,200,000
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

Opportunity 1 for sale consist of entertainment/lounge with kitchen and bar, smaller intimate entertainment area with bar, two apartments available for short-term or long-term rentals, storage area upstairs and adjacent building that may be renovated for many uses. Building is 4500 square feet.
Opportunity 2 consist of a separate space that may be renovated to serve many uses–whatever is desired. Building is 3375 square feet.
Opportunity 3 for sale is the entertainment business that includes all licenses, all kitchen equipment, monitoring system, and other items.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton county
Tax ID/APN: 033137A A 01300P000 and 033137A A 014
Property Visibility: Good
Largest Nearby Street: Bonny Oaks Dr or Wilcox Blvd.
Feet of Frontage: 150
Site Description: Level lot with minimum slope with 70 parking spaces
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1987
Construction/Siding: Brick
Exterior Description: Building one is all brick with a metal roof that is less than one year old.
Parking Type: Surface
Parking Description: There is space for 70 vehicles
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 150
Lot Depth: 191
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 2720 Dodson - Lt 41 Blk 15 Blks 3-14&15 Glass Far Ms Pb 2 Pg 20 0012 24 01 2716 Dodson - Lt 42 & 43 Blk 15 Blks 3-14&15 Glas S Farms Pb 2 Pg 20 0012 24 15

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,591 55,206 153,549
Median Age: 33.31 35.9 37.39
Households: 2,581 22,130 65,301

Contact

Photograph of Listing Agent

Joyce A Smith

Keller Williams Realty Greater Chattanooga REALTORS® Member
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