Cherokee Blvd/Fraizer Ave-high visibility (w/Parking)

Retail-Commercial for Lease
Catylist Listing ID: 30040431
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Retail-Pad, Street Retail, Other
Contiguous Space: 1,200 - 9,000 SF
Total Available: 13,200 SF
Building Size (RSF): 16,792 SF
Gross Building Area: 18,874 SF
Lease Rate: $9 - 25 PSF (Annual)
Base Monthly Rent: $1,500 - 5,833
Lease Types: NNN
Building Name: North River Center
Last Updated: 6/7/2021

Overview / Comments

Center Updated 2020-21. The site offers benefits such as high visibility from the important First Horizon Bank pin corner at Cherokee/Frazier and N.Market St as well as from Manufacturers Road, high end residential and retail of North Chattanooga that has been established for decades and is still growing, a natural draw to potential high end clients from Northshore, Riverview, Signal Mountain, and Lookout Mountain, as well as from the newer residential developing areas in and around downtown Chattanooga, the appearance of a Free-Standing building to create focus on the tenant, parking that is dedicated for tenants of the center with direct access from Cherokee Blvd, a Maximum Capped expense on CAM and Op Exp allowing for the ability to better budget, and local owners.

Adjacent to First Horizon Bank.
17 Cherokee, 3,500rsf; vaulted barrel ceiling, brick walls, wood floors, open, front and rear entries (available). 19 Cherokee Blvd is 2,500rsf original tin ceiling in front and 2 entries(available) (21 Cherokee has been leased). Cherokee Blvd frontage Rates start at $19/rsf NNN. Adjacent parking and direct parking access off Cherokee. Additional space on opposite side of center with suite 107 still available at 105 N. Market Street address space sizes 4000rsf (others if they come available are 2000rsf, 1250rsf, 1200rsf, and 1250rsf or a combination thereof. Rates for these spaces range from $9-15/rsf NNN.
Established retail center on Cherokee Blvd. and opposite side storefronts facing N. Market Street with Signage High visibility! Parking! Center size is about 16,792sf total plus about 2,083sf in covered porch/covered walkways.

Disclosure: Owner/agent (agent is equity partner). Call me or your agent for more information or for a showing.

Expand All 5 Spaces Available

Suite: 105 N.Mkt Suite 107 4,000 SF $9 - 10 PSF (Annual) NNN
Suite: 105 N.Mkt Suite 111 2,000 SF $13.50 - 14 PSF (Annual) NNN
Suite: 105 N.Mkt Suite 125 1,200 SF $15 PSF (Annual) NNN
Suite: 17 Cherokee 3,500 SF $19 - 20 PSF (Annual) NNN
Suite: 19 Cherokee 2,500 SF $22 - 25 PSF (Annual) NNN

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County and city of Chattanooga, TN
Tax ID/APN: 135E-A-012
Market Type: Medium
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Cherokee/Frazier and N. Market St.
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Frazier Ave./N.Market St/Cherokee Blvd.
Site Description: Established retail area. Vibrant and quickly growing North Shore area. High visibility.
Area Description: Popular area. Many New retail stores, apartments and condos have been built over past few years in all directions of property. Adjoining First Horizon Bank. Walgreens and New Publix Supermarket around corner.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1930
Year Renovated: 2020
Roof Type: Barrel Shell
Construction/Siding: Brick
Exterior Description: Brick facade with stucco style coating. 3 retail spaces face Cherokee and the other 5 spaces face N. Market Street on the lower side of the building also at ground level (built on hill). Renovated in the early 2000’s from office to retail use and again in 2020.
Total Parking Spaces: 45
Parking Type: Surface
Parking Description: Parking on both upper section (Cherokee frontage) and lower section (N. Market St)
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Package Unit
Internet Access: Gigabit, Fiber Optic, Other
Interior Description: Built out for multiple tenant use including retail, commercial, office, and former Yoga/exercise. Cherokee retail space at 17 Cherokee has tall barrel Vaulted ceiling and interior brick walls; 19 Cherokee retail space has original tin ceiling in front retail area.
Zoning Description: E-CX-4. Urban Edge Mixed Use Commercial (4 story max). New form based code.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,276 52,004 128,858
Median Age: 34.87 34.94 37.15
Households: 3,628 21,408 54,021


Photograph of Listing Agent

Sandy S Allison

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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