Price Reduced - 1517 Mitchell Avenue

Retail-Commercial for Sale
Catylist Listing ID: 29978991
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 36,000 SF
Gross Building Area: See Agent
Sale Price: $3,475,000
Unit Price: $96.53 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

The property has been placed on the National Register of Historic Places. Built in 1929 as a YMCA and renovated from 2000 - 2016, the facility contains many unique features inside and out. The exterior has been newly painted and the Spanish Title roof has been repaired with historical period tile along with new gutters and downspouts.

The interior highlights include 4 stories, 58 dorm rooms, gymnasium with performance stage, indoor pool, roof garden deck and basement storage. The electrical and plumbing have been upgraded. The asbestos has been removed by a licensed contractor.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145LD D 002 & 145LD D 003
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Good
Largest Nearby Street: Market Street
Site Description: Flat site with great access from Market Street and Main Street.
Area Description: The Southside district has experienced a remarkable revitalization and has become a sustainable urban neighborhood. The commercial and residential balance has created a truly unique community.
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1929
Year Renovated: 2000
Roof Type: Barrel Shell
Total Parking Spaces: 51
Parking Type: Surface
Parking Description: 51 spaces on site with additional street parking on both sides of building
Sprinklers: Wet
Zoning Description: UGC - Urban General Commercial
Lot Frontage: 135
Lot Depth: 250

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,159 60,161 132,540
Median Age: 32.31 34.14 36.74
Households: 3,970 23,893 54,981

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