Commercial Work/Live Property

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30439829
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 7,020 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 SF
Sale Price: $550,000
Unit Price: $78.35 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,020 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

This 7,020 SF building has a ton of potential. Located on the right side of the road just as you head out of the McCallie Tunnel going eastward. The upstairs can easily be two apartments, retail shops, or offices with minor remodeling. There is a large glassed in porch across the back leading to the spaces upstairs. The building has a total of 6 bathrooms (2 downstairs, 4 upstairs). The back has a newly built ADA accessible ramp with a deck. The parking lot is a large, paved area with about 25 spaces. All parking is in the rear of the building. A new roof was installed in March 2020.

The owner is also selling the building and lot to the right of 3202 Brainerd Road. This building is 9,620 SF with an address of 3116 Brainerd Road and has a price of $650,000. The .48 acre lot on Seminole Drive behind this property has an asking price of $150,000.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033146M N 00600
Zoning: C-2
Retail Clientele: General, Family, Business
Property Located Between: Brainerd Road and Rosemont Drive
Property Visibility: Excellent
Largest Nearby Street: Brainerd Road
Feet of Frontage: 738
Highway Access: Easy access to Hwy 24 and I-75
Airports: Chattanooga Airport is 12 minutes away via Shallowford Road.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,500 SF
Property Condition: Good
Year Built: 1940
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 35
Parking Type: Surface
Parking Description: Paved parking in rear of building off Seminole Drive.
Lot Frontage: 73.8
Lot Depth: 255.2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,155 79,588 154,435
Median Age: 37.59 35.95 36.98
Households: 5,074 31,630 64,573


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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