Upscale Southside Retail Condo

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30340705
Property Subtypes: Mixed Use, Street Retail, Other
Status: Pending
Condo? Yes
Building Size (RSF): 990 SF
Gross Building Area: See Agent
Sale Price: $265,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: The Crabtree
Sale Terms: Cash to Seller
Last Updated: 12/5/2018

Overview / Comments

Built in the 1900, the Crabtree offers classic architectural features high ceilings and large windows providing tons of natural light. Exposed beams and exposed brick contrast contemporary features like decorative fixturing.

Currently, this suite is leased to a Scout Boutique, a premier clothing and sneaker shop for men and women. The subject property, Suite A, includes ground floor commercial retail space in a mixed-use development in Chattanooga's Southside.

The Crabtree is highly accessible, located in the heart of Chattanooga's Southside Historic District. There are multiple dining options within walking distance, along with entertainment and exercise options.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145L B 023
Is Condo?: Yes
Zoning: U-CX-4
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: Main Street and W 14th Street
Property Visibility: Good
Largest Nearby Street: Main Street
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1955
Year Renovated: 2017
Parking Type: Surface, Other
Zoning Description: The property is zoned U-CX-4. The Commercial Mixed Use (U-CX) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses in a pedestrian-friendly environment. Although buildings are allowed to be exclusively residential or nonresidential in use, the vertical mixing of uses is strongly encouraged. A developer may build up to four floors at this specific site.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,159 56,779 127,979
Median Age: 32.31 34.09 36.7
Households: 3,970 22,412 52,978
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