516 E. Main Street

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30007724
Property Subtypes: Mixed Use
Status: Pending
Building Size (RSF): 6,172 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $1,100,000
Unit Price: $178.22 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/24/2017

Overview / Comments

The entire property was completely redeveloped in 2011. It is 100% occupied with leases in place. The commercial tenant on the first floor is an established business on the SouthSide occupying 3,200 sf. The 2,300 sf residential unit is currently leased.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145L J 004 & 145L J 005
Zoning: C2
Area Description: The SouthSide has experienced remarkable revitalization and has become a sustainable urban neighborhood. The commercial and residential balance has created a truly unique community.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1910
Year Renovated: 2011
Parking Description: Parcel 145L J 004 include with the sale is a surface parking lot for the commercial tenant. Approx 25 +/- spaces can be configured. The residential unit has a fenced parking lot with access from the rear alley. Plenty of parking for multiple cars.
Interior Description: The first floor is retail / commercial space and the second floor is high end residential space.
Zoning Description: CX3 within the new form based code.
Lot Frontage: 92
Lot Depth: 134

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,034 66,593 139,766
Median Age: 26.77 34.42 36.9
Households: 2,037 26,612 57,994


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