Restaurant for Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30628325
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 6,960 SF
Sale Price: $2,400,000
Unit Price: $344.83 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 6,960 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

Located on an outparcel to Hamilton Place Mall, the largest mall in Tennessee. Excellent exposure to I-75 with 92,898 vehicles per day.

Fronts Hamilton Place entrance road with access from mall ring road.

All furniture, fixtures and equipment included.

6,240 SF original building has full bar with bar seating area. Built in 1989, additional kitchen and storage area of 717 SF added in 2009. Re-roofed in 2016 (15-year warranty).

Plans state seating for 207 patrons.

330 ft. frontage on I-75; site contains 1.26 acres.

Building is also for lease - see Listing #30665228. Lease rate has been substantially reduced to $14,560/month, completely net.

NOTE: Broker is related to one partner in ownership.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033149I A 00132
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Traffic/Vehicle Count: 92,898
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,960 SF
Property Condition: Excellent
Year Built: 1989
Year Renovated: 2009
Total Parking Spaces: 88
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,429 48,756 120,395
Median Age: 39.25 40.09 39.94
Households: 4,220 20,918 49,808


Photograph of Listing Agent

Rudy H Walldorf

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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