212 Market St - Restaurant FOR SALE


Chattanooga, TN 37402
$2,300,000 USD
615-714-6378
212 Market St, Chattanooga, TN for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/18
null | Request Cap Rate

212 Market St
Chattanooga, TN 37402


HIGHLIGHTS

  • Ample nearby parking
  • Current on site parking generates revenue
  • 5900 of former restaurant space
  • Excellent visibility in a prime location
  • Ability to build up to 6 stories

OVERVIEW

This compelling investment opportunity is in the heart of downtown Chattanooga, TN. The property presents a prime 5,904 SF existing building, constructed in 1991 and zoned D-SH-6. The current layout includes a former restaurant space that can be renovated for restaurant use or a new development opportunity. The property features on-site parking that is currently generating revenue, adding a valuable asset to the investment package. In addition, the location provides proximity to major downtown events such as Ironman, Wine Over Water, Three Sisters Bluegrass Festival, Chattanooga Motorcar Festival, and Riverfront Nights, enhancing its appeal for prospective tenants and investors alike. 212 Market St is located within walking distance of Chattanooga’s main tourism draws ($1.6 Billion dollars annually) including the Tennessee Aquarium, Creative Discovery Musuem, High Point Climbing, the National Medal of Honor Museum, the Imax Theatre and the Walnut St Walking Bridge.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

D-SH-6

APN/PARCEL ID

135M-A-005

ASK ABOUT THIS PROPERTY

Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

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Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.