725 Cherry Street

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725 Cherry Street

Chattanooga, TN 37402
Asking Price
$3.75M
Asset Type
Restaurant Special-purpose
Class
Class B

What's Special

Historic Downtown Chattanooga Entertainment | 15,000 SF | Three Stories | Value-Add Opportunity <p><strong>Property Highlights</strong></p><ul><li>​15,000 SF three-story downtown building</li><li>​Operating entertainment and hospitality venue</li><li>​Full commercial kitchen</li><li>​Two full-service bars</li><li>​Dedicated event space</li><li>​Private elevator servicing all floors</li><li>​Restrooms on every level</li><li>​Historic brick construction with original architectural features</li><li>​Unfinished third floor with redevelopment potential</li><li>​Prime Downtown Chattanooga locati

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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.68%
Monthly Payment
$18,552.954
Annual Cash Flow
$-142,635.447

Location & Travel Times