605 Cherokee Blvd
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605 Cherokee Blvd
3,000 SF 100% Leased Retail Building Chattanooga, TN 37405 $1,382,033 CAD ($461 CAD/SF)
Investment Highlights
- High traffic count offers great visibility!
- Great location in close proximity to everything Northshore Chattanooga offers.
Executive Summary
Prime Commercial Property for Sale – Cherokee Blvd
This versatile property is zoned E-CX-3 and offers 2,788 SF— suitable for retail or office use, and buildable up to 3 stories. Situated on a 0.3049-acre lot, the property benefits from high visibility and exposure, with over 14,000 cars passing by daily on the bustling Cherokee Blvd. The location provides convenient access as-is, and could also benefit from the development of an entry from West Bell Avenue at the rear. Ample parking is available on-site, making it ideal for businesses looking to capitalize on both foot and vehicular traffic.
The Northshore area is vibrant with a litany of commercial, residential and recreational users- including nearby Whole Foods, CVS, Coolidge Park, Renaissance Park, an abundance of restaurants, multiple law firms, office buildings, apartments, condos, salons, specialty shops, coffee shops, and more.
The current tenant is a tattoo parlor and which has a lease which has a 30-day notice. The real value in the property is in the land because of the visibility and location of the property. A new retail establishment could be built here with a drive thru window or a traditional multi-story retail building could be developed here with the upper floors including apartments or condos. Access to this site from the front and rear are valuable assets.
Cherokee Boulevard is a key street for the whole North Shore market area. Don’t miss this opportunity to establish your business in one of the most highly trafficked areas of the city.
This versatile property is zoned E-CX-3 and offers 2,788 SF— suitable for retail or office use, and buildable up to 3 stories. Situated on a 0.3049-acre lot, the property benefits from high visibility and exposure, with over 14,000 cars passing by daily on the bustling Cherokee Blvd. The location provides convenient access as-is, and could also benefit from the development of an entry from West Bell Avenue at the rear. Ample parking is available on-site, making it ideal for businesses looking to capitalize on both foot and vehicular traffic.
The Northshore area is vibrant with a litany of commercial, residential and recreational users- including nearby Whole Foods, CVS, Coolidge Park, Renaissance Park, an abundance of restaurants, multiple law firms, office buildings, apartments, condos, salons, specialty shops, coffee shops, and more.
The current tenant is a tattoo parlor and which has a lease which has a 30-day notice. The real value in the property is in the land because of the visibility and location of the property. A new retail establishment could be built here with a drive thru window or a traditional multi-story retail building could be developed here with the upper floors including apartments or condos. Access to this site from the front and rear are valuable assets.
Cherokee Boulevard is a key street for the whole North Shore market area. Don’t miss this opportunity to establish your business in one of the most highly trafficked areas of the city.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1925
Price
$1,382,033 CAD
Price Per SF
$461 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.31 AC
Zoning
E-CX-3 - Urban Edge Commercial, Allows to build up to 3 Stories
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 135C-C-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $155,377 CAD |
PROPERTY TAXES
Parcel Number
135C-C-012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$155,377 CAD
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605 Cherokee Blvd
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