North Shore Retail / Office / Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30321655
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Condo? Yes
Building Size (RSF): 4,420 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Property Use Type: Vacant/Owner-User, Business
Building Name: Bridgeview on Northshore
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2018

Overview / Comments

Bridgeview on Northshore is a premier development containing a highly visible turn key restaurant on the ground floor that was built out in 2016. The furniture, fixtures and equipment can be removed if buyer wants to use the space for office or retail purposes.

Constructed in 2008, the building also contains SunTrust Bank and approximately 40 luxury residential units

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County Chattanooga
Tax ID/APN: 135F H 005 C104
Is Condo?: Yes
Zoning: COMMERCIAL E-SH-4
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Corner of Market Street and Cherokee Blvd
Property Visibility: Excellent
Largest Nearby Street: Market Street
Highway Access: Hwy 27
Airports: Chattanooga Metropolitan Airport
Site Description: Retail, Office or Restaurant space with sidewalk cafe built out with new equipment and furniture in 2016 - located on the premier corner of Market Street and Cherokee Blvd. This is a highly visible building that is very accessible to walking traffic on all sides. Surrounded by high rise luxury living, city parks and vibrant business activity. The concrete and steel construction of this luxury building has built in sound abatement features to ensure peaceful privacy.
Area Description: Vibrant North shore lifestyle with an eclectic mix of locals and tourists. Walking distance to Coolidge Park & Carousel, Renaissance Park, TN Aquarium and Riverwalk, Walnut Street walking bridge, Southern Belle riverboat, Starbucks, Walgreens, WholeFoods, Publix, boutique shopping, fitness center, pubs, restaurants, galleries, biking. Surrounded by restored bungalows and upscale high rise living.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,420 SF
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2016
Construction/Siding: Concrete
Exterior Description: Gorgeous building with large plate glass windows - see attached photos.
Parking Type: Surface
Parking Description: A 170+ space public parking lot is located less than a block from the restaurant entrance. Only $3 for 2 hours. Hang tags are reasonably priced for daily use. Valet and adjacent parking options also exist.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Highly visible building may be used for retail or office space, or as a turn key restaurant. The fixtures, furniture and equipment are negotiable. FF&E is in great condition and was purchased new in 2016. 8 station POS installed. Convenient and secure garbage collection area. See attached photos.
Zoning Description: E-SH-4
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit 4 BridgeView on Northshore out of 135F-H-5 for 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 52,004 127,705
Median Age: 34.84 34.94 37
Households: 3,878 21,408 53,427

Contact

Photograph of Listing Agent

Kathy Wilton

Stonecrest Properties Greater Chattanooga REALTORS® Member
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