Turn-Key Freestanding Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30742620
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,166 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 Acres
Sale Price: $150,000
Unit Price: $69.25 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/5/2021

Overview / Comments

Incredible find at the edge of South Pittsburg. This 2,166 sqft freestanding building has been home to a profitable local restaurant for many years, but now offers the opportunity for another entrepreneur to make it their own. The remaining equipment and inventory conveys with the property, offering a turn-key space for a new restaurant, or even a second location for an already established restaurant. Although a restaurant is what the space would most-easily support, the floor plan could be reconfigured to fit the needs of other businesses or services like a church, community center, daycare, convenience store, or bar. The building itself is in great shape, and has recently been updated with a new roof. It also features 2 bathrooms and an abundance of storage in the main building, as well as a separate out-building. The existing sign out front could easily be updated by the new owner, and the spacious parking lot offers plenty of space for customers, clients and employees. Located just off of Hwy 72 on a stretch of S Cedar Ave that's home to other local businesses, situated near an abundance of residential homes, and just 15 minutes from the new Google data processing center in Bridgeport, AL. Schedule your private showing today!

Additional Details

Nearest MSA: Chattanooga
County: Marion
Tax ID/APN: 156L C 004.00 000
Property Visibility: Excellent
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Good
Year Built: 1954
Parking Type: Surface
In Flood Plain?: Yes
Legal Description: Priced By Lot

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,018 10,584
Median Age: 42.58 42.42
Households: 2,482 4,331

Contact

Photograph of Listing Agent

Grace Frank

Chattanooga Real Estate Group Greater Chattanooga REALTORS® Member
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