Northshore Mixed Used

6,177 SF | 100% Leased | Retail Building | Chattanooga, TN 37405 | $1,600,000 ($259/SF)

Asking Price $1,600,000

Property Type: Retail
Square Feet: 6,177 SF
Price / Square Foot: $259

Listing Contacts

Joe Pleva

Verified Profile

Property Info

Property Overview

Beautifully appointed building in the Northshore area of Chattanooga is a perfect opportunity for a new owner. This 6,177 SF building has been meticulously constructed with upscale finishes to include finished concrete floors, applied mouldings, gorgeous lighting fixtures, high ceilings and much more. A high end hair salon occupies 3,458 Sf on the lower level. The upper level (2,719Sf) has three apartments that can be used for short/long term rentals. Two of the apartments have been built out and have a winter income of $4,000 per month combined and a summer income of $6,000 per month combined. The third apartment has been roughed-in and ready for a custom build-out. The large parking lot is paved and striped. Northshore is a highly sought after community. The property is located in a walkable neighborhood with destinations such as the Walnut Street Pedestrian Bridge, Coolidge Park, restaurants, shops, tourists attractions and other businesses. The owner will consider leasing back part or all of the lower level at $22 PSF triple net. The hair salon equipment and inventory will not convey with the sale of the property.

Property Details

Year Built: 2019
Stories: 2
Property Subtype: Storefront Retail/Office, Office Live/Work Unit
Lot Size (sq. ft): 28,314 SF

Highlights

Located in the desirable Northshore
An Adjacent Buildable Vacant Lot comes with the Sale of the Building
3 Short Term rentals on Second Level

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