Catylist ID:
#30668978
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: | 1/29/2021 |
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 |
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 |
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