Event Space, Restaurant or Multi-Purpose on the River

Retail-Commercial for Sale
Catylist Listing ID: 30760257
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Building Size (RSF): 4,972 SF
Gross Building Area: See Agent
Gross Land Area: 0.78 Acres
Sale Price: $1,200,000
Unit Price: $241.35 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

Over 260 feet of Tennessee River frontage with gorgeous mountain views! This .78 acre lot has a 4,872 sf building that has had a previous use as a restaurant and an event space. The building has a large dining hall, stone fire place, vaulted ceilings, beautiful bar with decorative glass panels, His and Hers bathrooms and a well appointed commercial kitchen. This property is ready for a new owner to open their own restaurant w/bar, event venue or office. The property could be re-zoned to residential and the 4,872 sf building re-purposed for multiple residential units or a single family home.

Owner is open to leasing the property.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033116B A 00101P000
Zoning: C-2
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Chattanooga and Dunlap
Property Visibility: Excellent
Largest Nearby Street: Signal Mountain Blvd
Feet of Frontage: 263
Highway Access: Less than 4 miles to Hwy 27 and only 12 minutes to Chattanooga central
Airports: Chattanooga Airport
Site Description: This property is .78 acres. The exterior of the building has been recently painted. The parking lot can accommodate 35 plus cars. The enclosed porch and back deck have expansive views of the river and surrounding mountains.
Area Description: Located on the Tennessee River, this property is surrounded by beautiful views, residential homes and businesses.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1997
Roof Type: Gable
Total Parking Spaces: 35
Parking Type: Surface
Lot Frontage: 263
Lot Depth: 156
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,726 11,467 48,371
Median Age: 59.36 44.94 38.88
Households: 811 4,798 21,365

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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