North Market Commercial Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30708009
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 3,572 SF
Gross Building Area: See Agent
Gross Land Area: 0.87 Acres
Sale Price: $1,500,000
Unit Price: $419.93 PSF
Property Use Type: Business
Building Name: Northside Upholstery
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2021

Overview / Comments

This has been a family business for the past 61 years, and the owners have decided to put the property on the market. It is composed of the red brick building, and the two properties adjacent for a total of a 0.83 acre tract of land in the exclusive North Market Street area. The building has 3,572 sqft and is ready for its new occupancy. Would be good fit for retail, restaurant, or another creative thought. Bring your Buyers and setup an appointment!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 033135D D 02500
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: End of North Market before transition to Dallas Road
Property Visibility: Excellent
Largest Nearby Street: North Market Street
Feet of Frontage: 396
Highway Access: N/A
Airports: N/A
Site Description: 396 feet of highly visible road frontage with a family owned business building on North Market Street. Adequate parking available on property's parking lot on triangular corner. The contiguous property consists of two lots, plus the lot the building and parking lot occupy.
Area Description: There is one of the most highly desired areas in Chattanooga undergoing change and upgrades everyday. Shopping readily available with Publix supermarket and Walgreen within walking distance. The property is less than a mile from Market Street Bridge, which is the center of the city.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1967
Construction/Siding: Brick
Exterior Description: Tradition brick on exterior and sides ready for your touches and moderate upgrades.
Parking Description: Gravel lot
Lot Frontage: 396 ft
Lot Depth: 136 ft
Land Ownership: Welchance Johnny D Bobbie D
Legal Description: Lt Pt 8&9,10 11&12 Land Of J H Coke R Pb1 Pg3 Pt Lts 6&7 Land Of J H Coker Pb1 Pg 3 Pt Lts 6&7 Land Of J H Coker Pb1 Pg 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,263 52,657 125,680
Median Age: 34.74 35.16 37.41
Households: 4,038 22,066 52,615

Contact

Photograph of Listing Agent

Jim R Thompson

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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