Three-Story Entertainment Venue
For Sale
Contact for pricing
725 Cherry Street, Chattanooga, TN 37402
Three-story brick building with bars, commercial kitchen, event space, elevator service, and an unfinished third floor for redevelopment.
Property Size15,000 SF
Price / SF$250
Days on Market56
Property Features for 725 Cherry Street
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Special Purpose, Mixed Use, Retail
Financials
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Commercial Hood
Yes
Building Details
Stories
3
Listing Agency:
Coldwell Banker Kinard Realty
(423) 284-3233
Listed By:
Shawn Matthews · License #314204
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 4 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Kinard Realty
Investment Insights
Based on property information with market context.
This three-story brick building offers an operating entertainment and hospitality setup across two completed levels and an unfinished third floor. The first floor includes a full-service bar, a commercial kitchen, a spacious dining area, and an additional event space suited to private gatherings. The second floor is the primary entertainment level with multiple billiard tables, a second full-service bar, ample seating, and dedicated restroom facilities. A private elevator serves all three levels, supporting convenient access throughout the building. Each floor includes restrooms to accommodate different operational needs. The third floor is currently unfinished and presents a redevelopment opportunity for office, event, hospitality, entertainment, or other commercial uses. Historic details carry through the building, including exposed brick, original wood flooring, high ceilings, decorative ceilings, and large windows.
The property is located in the downtown urban core at 725 Cherry Street in Chattanooga, TN. It is being offered as a recognizable entertainment property currently operating as the Chattanooga Billiard Club.
The layout suits buyers and operators looking to continue an entertainment concept with integrated bar and kitchen infrastructure, or reposition the asset by completing the third floor to expand revenue-producing space. The presence of multiple bars, event space, and restroom facilities on every level provides flexibility for an owner-user, hospitality group, entertainment operator, or investor planning a phased redevelopment.
The property is located in the downtown urban core at 725 Cherry Street in Chattanooga, TN. It is being offered as a recognizable entertainment property currently operating as the Chattanooga Billiard Club.
The layout suits buyers and operators looking to continue an entertainment concept with integrated bar and kitchen infrastructure, or reposition the asset by completing the third floor to expand revenue-producing space. The presence of multiple bars, event space, and restroom facilities on every level provides flexibility for an owner-user, hospitality group, entertainment operator, or investor planning a phased redevelopment.
Key Highlights
- Approximately 15,000 SF, three‑story brick building at 725 Cherry Street in downtown Chattanooga
- Operating entertainment venue with a full commercial kitchen plus spacious dining and an additional event space
- Multiple billiard tables and a second full‑service bar on the second floor with ample seating
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.0k | $13.20 |
| − Vacancy | −$11.9k | −$0.79 |
| EGI | $186.1k | $12.41 |
| − OpEx | −$46.5k | −$3.10 |
| NOI | $139.6k | $9.31 |
15,000 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.33M
NOI $139,590 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,898 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
3,854
Businesses Nearby
182k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 48%
Dining 32%
Leisure 18%
Shops & Services 3%
Chattanooga Marriott Downtown
Hotels & Casinos
37,127 visits/mo
0.5 miles
AMC CLASSIC Majestic 12
Leisure
17,819 visits/mo
0.3 miles
Holiday Inn & Suites Chattanooga Downtown, an IHG Hotel
Hotels & Casinos
14,703 visits/mo
0.2 miles
Tennessee Aquarium IMAX 3D Theater
Leisure
14,304 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
13,135 visits/mo
0.2 miles
Demographics for 37402, TN
4,464
Population
3,207
Households
1.4
Avg Household Size
38
Median Age
30%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
3,434
Density / Sq Mi
$28,829
Median Household Income
$42,515
Median Earnings
$673
Median Rent
$460,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Three-story brick building with bars, commercial kitchen, event space, elevator service, and an unfinished third floor for redevelopment.
Where is this bar & pub located?
The property is located at 725 Cherry Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Approximately 15,000 SF, three‑story brick building at 725 Cherry Street in downtown Chattanooga; Operating entertainment venue with a full commercial kitchen plus spacious dining and an additional event space; Multiple billiard tables and a second full‑service bar on the second floor with ample seating
