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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.