Southside Investment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30365138
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 14,714 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $135.92 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.14%
Average Occupancy Rate: 100
Last Updated: 8/26/2019

Overview / Comments

Incredible Opportunity to own a fully leased investment property in Chattanooga's Southside Historical District. Located directly across the street from the Chattanooga Choo Choo Hotel, this is a rare investment opportunity. Both tenants are performing exceptionally well and have recently renewed their leases for additional 5-year terms.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 145L B 011
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Market Street
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1930
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Brick

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,159 56,779 128,921
Median Age: 32.31 34.09 36.69
Households: 3,970 22,412 53,349

Contact

Photograph of Listing Agent

Trace Walker

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.