212 Market St, Chattanooga, TN 37402
5,904 SF | Retail Building | Chattanooga, TN 37402 | $2,300,000 ($390/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,300,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,904 SF
- Price / Square Foot
- $390
Listing Contacts
Kelly Fitzgerald
Verified Profile
- Property Info
Property 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.
Property Details
- Class
- B
- Year Built
- 1991
- Stories
- 2
- Property Subtype
- Freestanding, Storefront, Storefront Retail/Residential
- Lot Size (sq. ft)
- 19,602 SF
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
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