Catylist ID: #11893043
429 Broad Street (430 Chestnut St) w/PARKING LOT! Gauranteed income!
Retail-Commercial for SaleAlso listed as Office, Multi-Family
|Catylist Listing ID:||11893043|
|Property Subtypes:||Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other|
|Building Size (RSF):||25,000 SF|
|Unit Price:||$184 PSF|
|Property Use Type:||Investment, Vacant/Owner-User, Business|
|Building Name:||430 Chestnut/429 Broad|
|Sale Terms:||Cash to Seller, Sale/Leaseback, Other|
Overview / Comments
Gauranteed income! The Moon Pie General Store and Old Time Soda Fountain is first floor retail tenant while rest of building is currently office use. Building is currently 100% occupied; one full floor is occupied by current owner who will remain for up to one year or move out early if new owner wishes to use as owner/occupied, lease to a new tenant, or repurpose. Seller is currently willing to guarantee rents at 100% occupancy with escrowed funds for up to 6 months after sale. Zoned downtown C-3 (zoned for live/work option) for office/retail/live-in/apartment/condo and work place mix option. Also see new code based zoning being flexible for wide assortment of uses downtown. Could create a mixed use of Hospitality lodging/apartment/lofts/retail/office within building.
Owner occupied floor is currently configured for a multitude of uses... could be used for offices, education classrooms, executive suites, open collaborative workspaces, or split for apartments or hospitality.
This 4 Story BUILDING is ca.1900 consisting of 20,000+/-sf (5,000+/-sf per floor) plus another 5,000+/-SF of basement storage with multiple tenant storage cages. Property also includes the adjoining 25 space PARKING LOT (just repaved in 2016).
Located in fantastic area of downtown... amenities within a block are movie theatre, retail, entertainment, fitness clubs, hotels, residential condos, restaurants, banks, parking, downtown financial center, and freeway exit/entrance. Located on Free Downtown Shuttle Route. Other places of interest very close are YMCA, Gold's Gym, Bell South Ball Park, Discovery Museum, Carmike Theatre, TN Aquarium, I-Max Theater, Moon Pie General Store, and more.
PARKING: Includes adjoining 25 space dedicated parking lot! Additional parking within a block.
Disclosure: Owner/agent (agent is equity partner). Please call my cell phone or your commercial agent for a showing or more information. Please do not disturb tenants.
|Tenant Business Name||WCA|
|Industry Type||Finance and Insurance|
|Tenant Notes||Certified Public Accountant|
|Tenant Business Name||Goodhew|
|Industry Type||Retail Trade|
|Tenant Notes||Corporate offices|
|Tenant Business Name||Alma Properties|
|Industry Type||Real Estate and Rental and Leasing|
|Tenant Notes||Real Estate Investments|
|Tenant Business Name||Solution 7|
|Tenant Business Name||Moon Pie General Store|
|Industry Type||Retail Trade|
|Tenant Notes||Moon Pie brand flagship retail/soda fountain/tourist souvenir shop.|
|Taxing Authority:||Hamilton County, Tennessee; City of Chattanooga|
|Tax ID/APN:||135NC A 005|
|Zoning:||C-3; AND THE NEW FORM BASED ZONING ALLOWS FOR LIVE-WORK ENVIRONMENT.|
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation, Convention, Other|
|Property Located Between:||4th and 5th; Chestnut and Broad|
|Side of Street:||West|
|Transportation:||Bus, Shuttle, Highway, Other|
|Highway Access:||Freeway access is a block away.|
|Airports:||CHA Chattanooga, TN|
|Site Description:||BUILDING has 50 feet of frontage on Broad Street while the PARKING LOT has 60 feet of frontage on Chestnut Street. Located in heart of vibrant downtown and along free shuttle route. Easy on/off freeway exit at 4th Sreet.|
|Area Description:||Prime Downtown. Located in middle of it all; Free downtown shuttle/ parking/ office/ financial/ entertainment/ restaurant/ banking/ lodging/ retail/ tourist district all within walkable 1-2 blocks! Easy freeway access!|
|Total Number of Buildings:||1|
|Number of Stories:||4|
|Typical SF / Floor:||5,000 SF|
|Exterior Description:||Brick with some stucco style accents.|
|Total Parking Spaces:||25|
|Parking Description:||25 spaces.|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System, Package Unit|
|Internet Access:||Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup, Other|
|Interior Description:||Historic charm. Brick and original hardwoods ca. 1900 in several suites. Renovated and updated to modern use in 1998 and 2012.|
|Zoning Description:||C-3 (downtown commercial/retail/condo/apartment/hospitality, also allows for live-work). New form based code allows for flexible uses downtown.|
|Lot Frontage:||50-60 Irr|
|Land Ownership:||Fee Simple|
|Proximity:||1 mile||3 miles||5 miles|
Sandy S AllisonFidelity Trust Company
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