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Shapiro's 723 Cherry St 6 250 pi² 100% Loué Commerce de détail Immeuble Chattanooga, TN 37402 2 273 862 $ CAD (363,82 $ CAD/pi²)



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Faits saillants de l'investissement
- Located in Downtown Chattanooga with visibility and walkability to major dining, hotel, and business hubs.
- Advanced cigar-specific HVAC systems with German-engineered humidification, carbon filtration, and radiant heating.
- Flexible third-floor event space utilization for private functions, entertainment, or revenue expansion.
- Professionally designed interiors including custom cabinetry, humidor room, and cigar lockers for approximately 130 clients.
- Heated outdoor patio plus radiant floor heating for enhanced customer comfort year-round.
- Significant buildout investments minimizing capital outlay for specialty operators or adaptive reuse concepts.
Résumé de l'annonce
Located in the heart of Downtown Chattanooga, 723 Cherry Street presents a unique opportunity to acquire a fully improved three-level commercial property totaling approximately 6,500 SF. Purpose-built as an upscale cigar lounge and private club environment, the property features extensive custom improvements and infrastructure that would be difficult and costly to replicate in today's market.
The main and second levels encompass approximately 4,500 SF of premium retail and lounge space, including a glass-enclosed Spanish cedar humidor, custom display cabinetry, approximately 130 Davidoff cigar lockers, executive boardroom space, luxury lounge seating, integrated audio/visual systems, a Davidoff-branded double-sided fireplace, and a heated outdoor patio.
The property benefits from a sophisticated air management system specifically engineered for cigar operations, including carbon filtration, radiant heat, radiant heated floors, and a German-designed humidification system. Ownership reports investing more than $250,000 into the HVAC and air circulation systems alone.
An additional third-floor level expands the property's functionality with approximately 2,000 SF of event and gathering space currently utilized for billiards tournaments, private events, and entertainment purposes. This flexible area creates opportunities for memberships, private functions, corporate events, and additional revenue generation.
Whether utilized as a cigar lounge, private membership club, hospitality venue, entertainment concept, or specialty retail destination, the property offers a highly distinctive environment in one of Chattanooga's most desirable downtown locations.
The main and second levels encompass approximately 4,500 SF of premium retail and lounge space, including a glass-enclosed Spanish cedar humidor, custom display cabinetry, approximately 130 Davidoff cigar lockers, executive boardroom space, luxury lounge seating, integrated audio/visual systems, a Davidoff-branded double-sided fireplace, and a heated outdoor patio.
The property benefits from a sophisticated air management system specifically engineered for cigar operations, including carbon filtration, radiant heat, radiant heated floors, and a German-designed humidification system. Ownership reports investing more than $250,000 into the HVAC and air circulation systems alone.
An additional third-floor level expands the property's functionality with approximately 2,000 SF of event and gathering space currently utilized for billiards tournaments, private events, and entertainment purposes. This flexible area creates opportunities for memberships, private functions, corporate events, and additional revenue generation.
Whether utilized as a cigar lounge, private membership club, hospitality venue, entertainment concept, or specialty retail destination, the property offers a highly distinctive environment in one of Chattanooga's most desirable downtown locations.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
6 250 pi²
Classe d’immeuble
C
Année de construction
1930
Prix
2 273 862 $ CAD
Prix par pi²
363,82 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Coefficient d’occupation des sols de l’immeuble
2,43
Taille du lot
0,06 AC
Zone de développement économique
Oui
Zonage
D-CX-12 - Centre-ville – Usage mixte commercial
Façade
Commodités
- Affichage
Très accessible à pied
80/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
70/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 145DA-D-008 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 672 313 $ CAD |
Impôts fonciers
Numéro de lot
145DA-D-008
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
672 313 $ CAD
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Shapiro's | 723 Cherry St
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