Unique Northshore Investment Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30778274
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 3,760 SF
Gross Building Area: 5,260 SF
Gross Land Area: 0.11 Acres
Sale Price: $1,200,000
Unit Price: $319.15 PSF
Property Use Type: Investment
Building Name: Good Dog
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/15/2022

Overview / Comments

Rare opportunity to purchase a fully leased mixed use retail / restaurant investment property on Frazier Avenue in the heart of the Northshore. The "Good Dog Building" is offered for sale with long-term leases in place. This building benefits from dual frontage - Good Dog eatery with prime retail frontage on Frazier Avenue and Pedego Electric Bikes fronting on River Street. Both enjoy high foot traffic and convenient parking.

Leases are modified gross with the Owner / Landlord responsible for the exterior structure and for maintaining the exterior common areas.

There is ample parking for patrons and employees in and around Coolidge Park, along Frazier Ave and in the CARTA Northshore Garage just down the street.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135E D 006
Zoning: SHOPFRONT MIXED USE ZONE (E-SH-3)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: North Market Street and Tremont Street
Property Visibility: Excellent
Largest Nearby Street: Frazier Avenue
Feet of Frontage: 25
Area Description: Frazier Avenue is THE retail corridor along the Chattanooga's burgeoning NorthShore. See Rock City recently purchased Good Dog restaurant after enjoying much success with the acquisition of Clumpie's Ice Cream Shop a couple of doors down. Pedego Electric Bikes joins other top-notch retailers and restaurants that face Coolidge Park across River Street.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1945
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Construction Class C - Masonry and storefront windows in very good condition
Parking Type: Structure, Surface, Other
Parking Description: There is ample parking for patrons and employees in and around Coolidge Park, along Frazier Ave and in the CARTA Northshore Garage just down the street.
Lot Frontage: 25
Lot Depth: 193
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 52,853 128,647
Median Age: 34.84 34.82 37
Households: 3,878 21,698 53,798

Contact

Photograph of Listing Agent

Steve Hunt

Berry & Hunt Greater Chattanooga REALTORS® Member
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