Lookout Mountain Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30416985
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 3,621 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $575,000
Unit Price: $158.80 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2019

Overview / Comments

This recently constructed building is currently operating as The Mountain Market and a liquor store. High ceilings and beautifully stained concrete floors along with an open floor plan allow for a variety of uses including retail, office, and other types of businesses.

There is an existing kitchen hood in place for restaurant or commercial kitchen use.

The site has concrete surface parking and an upper level for separate quarters. The current business appears to be performing well.

SF is taken from tax records and should be verified by buyer.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Lookout Mountain and Hamilton County
Tax ID/APN: 166L E 009
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Feet of Frontage: 111
Area Description: Lookout Mountain is a higher income residential community along with being a tourist hub for visitors to Rock City and The Incline Railway.
Property Condition: Good
Year Built: 2009
Roof Type: Flat
Exterior Description: Dutch style architecture
Parking Type: Surface
Parking Description: Surface lot to the side and front
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Gigabit, Fiber Optic
Interior Description: Primarily open floor plan with separate kitchen/deli counter and upper level as well as small ground level unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,516 19,151 69,989
Median Age: 44.53 38.07 36.07
Households: 995 7,889 27,354

Contact

Photograph of Listing Agent

John E Jewell

CBT Commercial Greater Chattanooga REALTORS® Member
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