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723 CHERRY ST
CHATTANOOGA, TN 37402-1910
Asking Price
$1.63M
Asset Type
Bar Retail
Class
Class B
What's Special
Downtown Chattanooga Cigar Lounge, Private Club & Event Venue | 6,500 SF <p>Property Highlights:</p><p>• Approximately 6,500 SF across three levels</p><p>• Prime Downtown Chattanooga location</p><p>• Turnkey cigar lounge and private club buildout</p><p>• Glass-enclosed Spanish cedar humidor</p><p>• Approximately 130 custom Davidoff humidified lockers</p><p>• Luxury lounge seating and executive boardroom</p><p>• Davidoff double-sided fireplace</p><p>• Heated outdoor patio</p><p>• Custom air circulation and carbon filtration systems</p><p>• Radiant heat and radiant hea
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NOI
$80,000
Cap Rate
4.92%
DSCR
0.83
Underwater
Cash-on-Cash
-3.38%
Monthly Payment
$8,039.613
Annual Cash Flow
$-16,475.36
