City Center Retail with Parking

Retail-Commercial for Lease
Also listed as Vacant Land
Catylist Listing ID: 30668978
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Contiguous Space: 4,785 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 SF
Lease Rate: $8,600 (Monthly)
$21.57 PSF (Annual)
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: 401 Market St
Usable Size (USF): 4,785 SF
Last Updated: 4/16/2021

Overview / Comments

This location would be perfect for retail/office, or other types of development.

Downtown high profile location with robust vehicular and pedestrian traffic! The structure was built to code as a full service restaurant in 2009 - grease trap, sprinkler system, hood, exhaust, etc. are installed.

Building SF is 4785, plus large outdoor covered patio, plus large dumpster area, plus 5-6 parking spaces. These are all coveted amenities in the downtown area. This has a very large kitchen, several dining area rooms.

The parking area is worth approximately $70 per month per space and the enclosed dumpster/staging area is a rarity.

The property has several branding opportunities on Market, 4th and Broad (pylon signage) Streets.

Some of the kitchen equipment including 2 walk in coolers, & Ansul system still exists along with the bar set up. There is also some furniture that could be utilized if desired.

Across the street from this property, the Beach Company / Charleston is currently constructing two multi-story mixed use high rise buildings with parking (retail & residential) behind the Hair of the Dog Pub. Next door is Ruby Sunshine, a popular New Orleans brunch concept.

The Landlord is open to discussing a ground lease with acceptable terms.

All information is deemed reliable but NOT guaranteed.

Expand All Available Space

Suite: 0 4,785 SF $8,600 (Monthly) NNN
Space Available: 4,785 SF
Lease Rate: $8,600 (Monthly)
$21.57 PSF (Annual)
Lease Type: NNN
Date Available: 11/20/2020
Lease Term: 60 Months
Space Type: Relet

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033135MDA 01200
Zoning: D-SH-8
Retail Clientele: Family, Business, Traveler, Tourist
Property Located Between: Broad and Market Street
Property Visibility: Excellent
Largest Nearby Street: 4th Street
Highway Access: I 27, I 24, Riverside/Amnicola Hwy
Airports: Chattanooga Metropolitan Airport
Site Description: Heart of downtown Chattanooga's dynamic trade area. Market Street corner location with attractive retail building and proprietary parking lot and dumpster area. Highly visible Pylon signage on Broad Street.
Area Description: Well Established commercial area supported by retail, residential, businesses, tourism and schools. Multi-story mixed use construction underway on 4th Street bringing even more foot traffic soon.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,785 SF
Property Condition: Average
Year Built: 2009
Year Renovated: 2009
Construction/Siding: Stone
Parking Type: Surface
Parking Description: Proprietary lot included with lease; location is surrounded by street parking and other surface/garage parking options.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open concept dining area with large kitchen containing 2 walk-in coolers, Ansul system and other infrastructure. Tenant has option to remove all restaurant equipment.
Zoning Description: https://library.municode.com/tn/chattanooga/codes/code_of_ordinances?nodeId=DC
Lot Frontage: 50'
Lot Depth: 204'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Pt Lt 25 Original Town Market St N/ R

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 48,763 128,103
Median Age: 32.04 33.81 37.12
Households: 3,804 19,658 53,376

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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