Downtown Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 29923595
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,763 SF
Gross Building Area: See Agent
Sale Price: $150,000
Unit Price: $54.29 PSF
Property Use Type: Investment, Business
Building Name: Blue Orchid Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/11/2018

Overview / Comments

Excellent Location !!! Great 2 story building in Downtown Dunlap. Previously a high end restaurant, this building has limitless potential. Possibilities include a boutique, bar/restaurant, business offices, nail or hair salon, etc. Remodeled to Hamilton Co building codes. All finishes are high end, no expense was spared in this remodel with many steel beams added for extra support.

Additional Details

Nearest MSA: Chattanooga
County: Sequatchie
Taxing Authority: SEQUATCHIE COUNTY
Tax ID/APN: 048E G 023.00
Property Located Between: Rankin Ave (Main St) and Cherry St.
Property Visibility: Excellent
Largest Nearby Street: Rankin Ave.
Highway Access: HWY 111 and HWY 127
Airports: CHA
Area Description: This building is on Cherry St right off the main street of Dunlap, Rankin Ave. This has excellent visibility and easy to walk to with sides walks in the middle of the town of Dunlap. This was origianally the 1st pharmacy in town, very historic.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,763 SF
Property Condition: Excellent
Year Built: 1925
Year Renovated: 2012
Construction/Siding: Brick
Exterior Description: BRICK 2 STORY BUILDING
Parking Type: Surface
Parking Description: Parking lots pull up to the building's entrance. Public street parking.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Previously Dunlap's high end restaurant, this building has hardwood floors, wrought iron staircase and historic finishes to the area. Owner's will be happy to give details on all the updates to numerous to mention. List of updates is under documents.
Lot Frontage: 23'
Lot Depth: 74'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 906 4,834 9,388
Median Age: 39.21 38.22 39.13
Households: 371 1,831 3,621

Contact

Photograph of Listing Agent

Gloria Page-Reed

Keller Williams Realty Greater Chattanooga REALTORS® Member
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