Urban Opportunity

Retail-Commercial for Sale
Also listed as Business Opportunity, Hospitality
Catylist Listing ID: 30286922
Property Subtypes: Restaurant
Building Size (RSF): 1,125 SF
Gross Land Area: 14,170 SF
Sale Price: $119,000
Unit Price: $105.78 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/31/2019

Overview / Comments

Building in the middle of a redevelopment area with mutiple medical facilities, and other business within close proximity to this property.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 146C A 021
Zoning: C 5
Retail Clientele: Business
Property Located Between: Wilcox and Third Street
Property Visibility: Good
Largest Nearby Street: E. 3rd Street
Feet of Frontage: 67
Highway Access: Hwy 153, I-24, and I-75
Airports: Lovel Field
Site Description: Adjacent to the new Erlanger Building, and various other medical facilities.
Area Description: Redevelopment area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1950
Roof Type: Flat
Exterior Description: Block building
Interior Description: In need of some repairs. Layout is an open area for seating, a counter for ordering and payment, and the kitchen. There are two baths, a room for an office and storage areas.
Zoning Description: Zoned for Restaurants
Lot Frontage: 67
Lot Depth: 211.49
Water Service: Municipal
Sewer Type: Municipal
Easements Description: N/A
Land Ownership: Owner
Legal Description: Ne 1/4 Sec 22 Twp 2 R-4W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,694 71,614 146,648
Median Age: 34.93 35.23 37.03
Households: 3,497 29,114 61,741

Contact

Photograph of Listing Agent

Lora M Dawson

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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