Catylist ID:
#30800946
Exciting Investment Opportunity in North Shore
Retail-Commercial
for Sale
| Catylist Listing ID: | 30800946 |
| Property Subtypes: | Restaurant, Street Retail |
| Building Size (RSF): | 4,420 SF |
| Gross Building Area: | 135,000 SF |
| Sale Price: | $1,190,000 |
| Unit Price: | $269.23 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | BridgeView North Shore |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 5/25/2022 |
Overview / Comments
|
LOCATION, LOCATION, LOCATION! Exciting INVESTMENT OPPORTUNITY to own a prestigious retail space located at the Market Street Bridge - gateway to the bustling North Shore District - on the signalized corners of Market Street and Cherokee Blvd with plenty of affordable public parking within a quick walking distance. This location has robust pedestrian and vehicular traffic and is within an eclectic district filled with restaurants, bars, coffee shops, day spas, grocery & drug stores, boutiques, art galleries, business services, residential high rises, bungalow style neighborhoods, city parks and recreational activities. The Bridgeview building is home to Mezcla Cocina Y Cantina and Truist/SunTrust/Bank on the ground floor. The upper floors are filled with luxurious, modern, high rise residential condominiums with high ceilings, expansive windows and concrete floors & walls. The ground floor condo for sale is a 4420 sf restaurant space, plus patio dining and an outdoor service area, It is currently leased by Mezcla - a popular local destination serving fresh Mexican Cuisine and specialty cocktails. The tenant is not vacating and their lease must be honored. Call for details and more information. North Shore is a family oriented, vibrant community offering riverfront access, walking & cycling trails and lots of fresh air. A plethora of neighborhoods are within walking distance, and just across the pedestrian friendly Market and Walnut Street Bridges are Chattanooga's riverfront & downtown as well as the Bluff View Art District - offering even more fun! |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Taxing Authority: | Hamilton County |
| Tax ID/APN: | 135F H 005 C104 |
| Zoning: | E-SH-4 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: | North Market and Manufacturers Road |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Market Street |
| Highway Access: | Minutes to 24 and 27 |
| Airports: | Chattanooga Metropolitan Airport |
| Site Description: | Building is a mix of retail, and residential condo's. |
| Area Description: | Surrounded by parks, shopping, residential, retail and business activity. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 5 |
| Property Condition: | Excellent |
| Year Built: | 2008 |
| Construction/Siding: | Concrete |
| Parking Type: | Surface |
| Parking Description: | Ample public parking available within a short walking distance. |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Interior Description: | Ground floor, restaurant space offering huge windows, concrete floors, open ceilings, and outside patio area. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | LLC |
| Legal Description: | Unit 104 Bridgeview On Northshore O Ut Of 135F-H-5 For 2008 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,807 | 52,853 | 127,705 |
| Median Age: | 34.84 | 34.82 | 37 |
| Households: | 3,878 | 21,698 | 53,427 |
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