ABC Liquor Store Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30333035
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 4,533 SF
Gross Land Area: 0.84 SF
Sale Price: $425,000
Unit Price: $93.76 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: ABC Liquors
Usable Size (USF): 4,533 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/25/2018

Overview / Comments

The List Price shown is for the real estate associated with this property. The liquor license and inventory is additional. The liquor license is for sale at $50,000 and there is about $70,000 of inventory on-hand. There is now a state wide new liquor license moratorium for the next 3-years.

The liquor store has about 3,533 SF and the convenience store about 1,000 SF. It has an open floor plan and would be easy to retrofit if needed. There are 3 restrooms. The C-store operator has a 3-year lease which expires in April of 2019 and he is willing to sign a 3-year extension. The C-store operator pays $800/month in rent currently. There has been a liquor store at this location since the early 1980's.

Behind the store there is a steep embankment with Granada Drive at the top. The City of Chattanooga is currently re-enforcing the embankment at their expense. That work is scheduled to be done soon.

Financial Information about the liquor store can be provided for state approved liquor store buyers.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 157H K 008
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Belvoir Ave and Provence St
Property Visibility: Excellent
Largest Nearby Street: Brainerd Rd
Feet of Frontage: 200
Traffic/Vehicle Count: 26,999
Highway Access: I-24
Airports: Chattanooga Metropolitan
Site Description: The site is level and at street grade. It is about 200 wide and 210 feet deep. The property includes a package/liquor store and a convenience store. The site is two parcels away from the corner of Brainerd Rd and Belvoir Ave. The property has 2 wide curb cuts into the street.
Area Description: The property is located in the Brainerd Rd and Belvoir Ave submarket area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,295 SF
Property Condition: Good
Year Built: 1952
Year Renovated: 1989
Exterior Description: Block and metal
Total Parking Spaces: 17
Parking Ratio: 3.1 (per 1000 SF)
Parking Type: Surface
Parking Description: The parking lot is in front of the building. Some parking in the rear might be created if needed.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Zoning Description: Commercial 2 - C2
Lot Frontage: 200
Lot Depth: 210
Water Service: Municipal
Sewer Type: Municipal
Easements Description: The City has an easement to the right of the building.
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,015 78,256 165,909
Median Age: 38.48 37.04 37.12
Households: 5,772 32,346 69,277

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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