Red Bank Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30574925
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Other
Building Size (RSF): 5,969 SF
Gross Land Area: 17,860 SF
Sale Price: $425,000
Unit Price: $71.20 PSF
Property Use Type: Investment, Business
Building Name: Lilly Mae's
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/8/2021

Overview / Comments

Lillie Mae’s beloved Red Bank restaurant first time on the market. Don’t miss the opportunity to invest in this up-and-coming area of Chattanooga. The sale includes the 5969 sq. ft. building, all equipment and furnishings, a 4-car detached garage, one bedroom one bath apartment with an adjoining sun-room and private yard. There is seating for 110 in the dining area. The owners are willing to pass along the popular family recipes that so many patrons love. Restaurant is open and the current operating hours are Monday thru Friday 6:00 am to 8:00 pm. Saturdays 6:00 am to 1:00 pm and Closed on Sundays. Owners are retiring.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033109B J 01901
Zoning: C-1
Property Visibility: Excellent
Largest Nearby Street: Dayton Blvd
Total Number of Buildings: 2
Number of Stories: 1
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,173 38,672 91,278
Median Age: 41.49 39.16 40.44
Households: 2,825 17,245 39,280


Photograph of Listing Agent

Debbie Raines

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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