Chattanooga Event Center

Retail-Commercial for Sale
Catylist Listing ID: 30831221
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,664 SF
Gross Land Area: 1.41 Acres
Sale Price: $750,000
Unit Price: $204.69 PSF
Property Use Type: Investment, Business
Building Name: Chattanooga Event Center
Usable Size (USF): 4,000 SF
Core Factor: 100%
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/24/2023

Overview / Comments

INTRODUCING A NEW PRIME LOCATION TO HOST ANY AND ALL OF YOUR EVENTS IN CHATTANOOGA!!
The Chattanooga Event Center is a luxury event space with a cutting-edge facility. Sitting on 1.41 acres. This commercial property is in the heart of one of Tennessee’s most exciting cities. The Chattanooga Event Center is a multi-faceted facility, capable of hosting all your important events and renting out the space for corporate events, business meetings, weddings or any other special event. This event center is open year-round and offers a state-of-the-art commercial grade kitchen that is capable of handling almost any client's needs. This commercial property could add substantial enrichment to any business or person looking to exceed in a growing exciting area of Tennessee. Buyer to verify all information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/ Chattanooga City
Tax ID/APN: 033148E A 03401P000
Zoning: COMMERCIAL C-2
Retail Clientele: General, Business, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: park Drive
Feet of Frontage: 203
Traffic/Vehicle Count: 25,154
Highway Access: Hwy I-75 is approximately 5 minutes from site, Lee Highway is approximately 1 minute from site
Airports: Chattanooga Metropolitan Airport is 6 Minutes away
Site Description: The subject site provides adequate parking for the subject improvement and allows appropriate setbacks from road. Size, shape, access, and topography are adequate. All utilities are available including electricity, gas, city water and sewer, telephone, and fiber internet. Lighting in parking area is adequate. Signs are functional and visible for the site location. additional amenities include outdoor patio, (336 sq. Ft.) smoker, landscape, -site referenced from appraisal and visibility Buyer to verify all information
Area Description: The subject property, consisting of 1.41 acres, is an irregular shaped tract that is located on Park Drive Highway in the city of Chattanooga. A complete legal description of the tract can be found in the attached copy of the subject’s most current deed. The subject improvement is a one-story structure with all amenities commensurate with this type of facility. The building was constructed and designed as an event center with kitchen facility that includes the typical areas for dining, kitchen, service, office, bathroom, utility, and storage. See documents for visual buyers must verify all information provided.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,664 SF
Property Condition: Excellent
Year Built: 2015
Year Renovated: 2018
Construction/Siding: Other
Exterior Description: Foundation: concrete 4 years old Buyer to verify Structure: Steele Frame Exterior walls: Block Roof Frame: Steele Truss Roof Cover Deck: Built-up Metal Buyer to verify all information given.
Total Parking Spaces: 60
Parking Type: Surface
Parking Description: level asphalt parking with 60 parking spaces. you can view with topography and reference appraisal report. Buyer to verify
Sprinklers: Other
Heat Type: Electricity, Natural Gas
Heat Source: Central, Other
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Interior Description: Included with the main hall, and bathroom facilities which are of high quality construction and materials. The floor plan was designed for an event hosting facility with an 80-person seating capacity. The design is functional with a beautiful open bar with modern additions internally and externally. Buyer must verify details
Zoning Description: Zoning shall include tracts devoted to various business and office uses and shall be designated as C-2 zoning. Buyer to verify
Lot Frontage: 203.3' FF Park Dr. 67.7' Center Street
Lot Depth: 187.27'
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: No adverse Easements or encroachments were noted nor observed during inspection. The most recent deed makes no mention of any encumbrances. The plat describes typical setbacks and utility easements. -site referenced appraisal report. Buyer to verify
Land Ownership: owned
Legal Description: The subject property, consisting of 1.41 acres, is an irregular shaped tract that is located on Park Drive Highway in the city of Chattanooga. A complete legal description of the tract can be found in the attached copy of the subject’s most current deed. The subject improvement is a one-story structure with all amenities commensurate with this type of facility. The building was constructed and designed as an event center with kitchen facility that includes the typical areas for dining, kitchen, service, office, bathroom, utility, and storage. -reference siting appraisal report. Buyer to verify.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,532 40,114 118,971
Median Age: 37.45 39.86 39.88
Households: 3,331 17,505 49,567

Contact

Photograph of Listing Agent

Shannon Russell

Southern Charm Homes KAAR CIE Member
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