Prime Downtown Corner

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30715710
Property Subtypes: Convenience Store, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,000 SF
Sale Price: $1,500,000
Unit Price: $250 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Unique opportunity to own a prime corner downtown at 7th and Market.

The second floor is on a net lease to Crash Creative.

The ground floor is currently month-to-month with XMC - this 3,000 sq ft could be relet or occupied by a new owner, while enjoying cash flow from the 2nd floor tenant.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Market St
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Good
Roof Type: Flat
Internet Access: Gigabit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 127,127
Median Age: 32.04 33.96 36.72
Households: 3,804 20,870 52,886

Contact

Photograph of Listing Agent

J. Matthew McGauley

Fidelity Trust Company Greater Chattanooga REALTORS® Member
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