Creative Retail/Office Lease Opportunity

Retail-Commercial for Lease
Catylist Listing ID: 30535668
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Contiguous Space: 2,420 - 4,258 SF
Total Available: 6,678 SF
Building Size (RSF): 4,258 SF
Gross Building Area: 79,197 SF
Gross Land Area: 3.23 Acres
Lease Rate: $12 PSF (Annual)
Base Monthly Rent: $2,420 - 4,258
Lease Types: NNN
Ceiling: 10 ft.
Building Name: The Chatt Inn
Usable Size (USF): 4,258 SF
Last Updated: 11/24/2020

Overview / Comments

This unique leasable space in within The Chatt Inn extended stay hotel. Two rooms are available.

Rooms One:
+/-4,258 sf makes up an open floor plan room one.

The space is front and center in The Chatt Inn. Most of the buildings frontage is the available space to lease. Current access is via a front door that enters a common area hallway on the right side. But, front doors can be added along the front where the 9 windows are located. The entrance hallway has two large restrooms at the end. The left end of the building has a Home Slice Pizza restaurant.

9 large windows face E 23rd Street. There is ample parking in front of the space.

The double doors enter the first large room (+/-4,258 sf). It has been used as a ballroom, restaurant, lounge and event space in the past. Options include:
- Large open office
- Cordoned price office
- Large retail
- Cordoned for multiple retail spaces
- Event space

It has high industrial like ceilings with chandeliers and some finished sheet rock ceiling with can lights. The 9 windows add good light and street visibility. Build out is allowed.

Room 2:
Room 2 is an unfinished back room can be accessed off the front. It is +/-2,420 sf and has large windows that face the courtyard and pool. It has an exit onto the courtyard.

A private billboard (the Jesus sign, see photos) will be available July 2020. It has tremendous visibility on I-24 to east and westbound traffic. Traffic along I-24 is about 120,000 cars per day. Traffic along E 23rd St is about 8,000 cars per day.

A Tenant Improvement allowance will be considered to depending on the lease and credit worthiness of the tenant.

Expand All 2 Spaces Available

Suite: 1 4,258 SF $12 PSF (Annual) NNN
Suite: 2 2,420 SF $12 PSF (Annual) NNN

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/ Chattanooga City
Tax ID/APN: 033156G J 00500
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: North of I-24. West of S Kelly St. East of S. Hickory St.
Property Visibility: Excellent
Largest Nearby Street: I-24 and E 23rd Street
Feet of Frontage: 335
Traffic/Vehicle Count: 8,000
Highway Access: I-24 east and westbound access less than 0.2 miles away via 4th Ave.
Airports: Chattanooga (CHA)
Site Description: The site is level and at street grade. The space is on the front side of the building facing E 23rd Street. The property fronts E 23rd st and backs up to I-24. Traffic on I-24 is 120,000 cars per day! Bill board on property is available for lease.
Area Description: The area has commercial, industrial and residential uses. Some neighbors include: a Megabus station, Waffle House, Burger King, Subway, Gas stations, O’Reilly autoparts, Bank, Pawn shop, machine repair and more.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,048 SF
Property Condition: Average
Year Built: 1973
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: The exterior front is attractive with stucco walls and 9 large windows. Entrance doors could be added along the front.
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Paved parking is in front and is striped. About 50 spaces.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The interior space is open and would need to be developed out to meet a tenants needs. The landlord will help with Tenant Improvements(TI) relative to the terms of the lease and credit worthiness of the tenant. There are two primary large open spaces.
Zoning Description: C2- Commercial
Lot Frontage: 335
Lot Depth: 439
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,965 78,475 146,245
Median Age: 28.83 35.69 36.95
Households: 3,364 31,486 60,364

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Riley Kurtts

KW Commercial Greater Chattanooga REALTORS® Member
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