605 Cherokee Blvd - Storefront Retail/Residential FOR SALE


Chattanooga, TN 37405
$975,000 USD
423-667-8634
605 Cherokee Blvd, Chattanooga, TN for Sale
$975,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

605 Cherokee Blvd
Chattanooga, TN 37405


HIGHLIGHTS

  • High traffic count offers great visibility!
  • Great location in close proximity to everything Northshore Chattanooga offers.

OVERVIEW

Prime Commercial Property for Sale – Cherokee Blvd This versatile property is zoned E-CX-3 and offers 2,788 SF— suitable for retail or office use, and buildable up to 3 stories. Situated on a 0.3049-acre lot, the property benefits from high visibility and exposure, with over 14,000 cars passing by daily on the bustling Cherokee Blvd. The location provides convenient access as-is, and could also benefit from the development of an entry from West Bell Avenue at the rear. Ample parking is available on-site, making it ideal for businesses looking to capitalize on both foot and vehicular traffic. The Northshore area is vibrant with a litany of commercial, residential and recreational users- including nearby Whole Foods, CVS, Coolidge Park, Renaissance Park, an abundance of restaurants, multiple law firms, office buildings, apartments, condos, salons, specialty shops, coffee shops, and more. The current tenant is a tattoo parlor and which has a lease which has a 30-day notice. The real value in the property is in the land because of the visibility and location of the property. A new retail establishment could be built here with a drive thru window or a traditional multi-story retail building could be developed here with the upper floors including apartments or condos. Access to this site from the front and rear are valuable assets. Cherokee Boulevard is a key street for the whole North Shore market area. Don’t miss this opportunity to establish your business in one of the most highly trafficked areas of the city.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,373 SF

ZONING

E-CX-3

APN/PARCEL ID

135C-C-012

ASK ABOUT THIS PROPERTY

Robert FisherKW CommercialMore Info
423-667-8634

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Robert FisherKW CommercialMore Info
423-667-8634

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