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212 Market St

5,904 SF Retail Building Chattanooga, TN 37402 $2,300,000 ($390/SF)

Investment Highlights

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

Executive Summary

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.

Attachments

212 Market St OM

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,904 SF
Building Class
B
Year Built
1991
Price
$2,300,000
Price Per SF
$390
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Land Acres
0.45 AC
Opportunity Zone
Yes
Zoning
D-SH-6
Parking
16 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
160 FT on Market Street
Walk Score ®
Very Walkable (72)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Taziki's Mediterranean Cafe
Taco Mac
World Of Beer
Sticky Fingers
Chili's
HOTWORX
Walk-On's
Jonathan's Grille
Buffalo Wild Wings
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
135M-A-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$534,920
  • Listing ID: 32112763

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 212 Market St, Chattanooga, TN 37402

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