18X Best of Best Flower Shop For Sale and Includes Real Estate

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30793971
Property Subtypes: Free-Standing Building, Street Retail, Other
Status: Pending
Building Size (RSF): 3,600 SF
Gross Land Area: 0.13 Acres
Sale Price: $950,000
Unit Price: $263.89 PSF
Ceiling: 14 ft.
Property Use Type: Business
Building Name: Flowers By Gil and Curt
Usable Size (USF): 3,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/14/2022

Overview / Comments

Flowers By Gil and Curt, a well-established and much loved florist in Chattanooga, TN is now an opportunity for you! The Sellers have developed and maintained an excellent business over the last 32 years and are now ready for a different season of life. Their clientele have voted them Chattanooga's Best of The Best 18 times including 3 times of Readers Choice.

The business/property is located just off Frazier Avenue in the North Shore District of Chattanooga, just across the river from Chattanooga's Central Business District (CBD).This North Shore District has been one of the fastest growing retail and residential districts in Greater Chattanooga.

The business has been generating gross sales in the $600,000 range per year during the pandemic. The flower shop business and all of the real estate and equipment are included in this sale. The current floral and accessories inventory will be added to the sale.

Three years of sales, profit and loss statements, inventory and other information will be available to qualified buyers with the execution of a non-disclosure agreement (NDA).

The property includes a 3,600 SF free-standing building with ceilings approximately 13 feet in height. The interior is beautiful retail space which uses about 2/3 of the floor and 1/3 being storage and workspace. The space includes a 900 SF high-quality flower cooler. At the rear of the building you will find a bathroom with a shower and a private office. The rear door is oversized for ease of deliveries. There is additional storage space for seasonal items and decorations. The rear of the building is accessed via Tampa St. for deliveries and parking for about 5 cars. An additional 10 spaces of parking are available on the street and through an agreement with the church next door. The roof was replaced in 2018 with a rubber membrane coating.

Additional info:
1. Profit and Loss Statements
2. Equipment List
3. Inventory List

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County / Chattanooga City
Tax ID/APN: 033135E K 03300P000
Zoning: E-SH-3
Retail Clientele: General, Family, Business, Tourist, Recreation, Convention, Other
Property Located Between: Tremont St & Tampa St
Property Visibility: Excellent
Largest Nearby Street: Frazier Ave
Feet of Frontage: 130
Traffic/Vehicle Count: 13,100
Highway Access: Hwy-27 access via Manufacturers Rd
Airports: Chattanooga Metropolitan Airport (CHA)
Site Description: Site is level and at street grade. Located on the North Shore in the Retail District of Frazier Avenue.
Area Description: High end retail with condos, townhomes and upscales houses and subdivisions. Northshore and Riverview housing districts.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,600 SF
Property Condition: Good
Year Built: 1920
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block and stone
Total Parking Spaces: 15
Parking Ratio: 4 (per 1000 SF)
Parking Type: Structure, Surface, Other
Parking Description: There is street parking up and down Tremont St. Seller also has an agreement with the adjacent church for overflow parking. Parking behind the building too.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: Highly decorated with flowers, antiques, columns, shelving and merchandise. Has an open floor space for the retail area.
Zoning Description: E-SH-3: Shopfront Mixed Use
Lot Frontage: 60
Lot Depth: 110
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Water Rights, Utilities
Land Ownership: Owned
Legal Description: Lt 8 Blk 11 Fraziers Addn No 1 Pb11 Pg42 0047 06 01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 51,512 131,180
Median Age: 34.84 34.47 36.97
Households: 3,878 21,291 54,875

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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