Rare Downtown Office Opportunity Live/Work

Office for Sale
Catylist Listing ID: 30546416
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 8,300 SF
Gross Building Area: See Agent
Sale Price: $1,585,000
Unit Price: $190.96 PSF
Ceiling: 910 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Milburn House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2020

Overview / Comments

This grand residence is currently set up for 4-5 apartments but could be converted to one office or 4-5 office condo's. Lots of potential including Live/Work set up.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga
Tax ID/APN: 033135M J 01500
Zoning: C1
Property Located Between: Georgia Ave and Lindsey St
Property Visibility: Excellent
Highway Access: Easy access to Hwy 27, I24, Amnicola Hwy and Hwy 153
Airports: Approximately 20 minutes to Chattanooga Metropolitan
Site Description: Great corner lot with great visibility and easy access
Area Description: Located in Downtown Chattanooga near the Tennessee River, close to the University UTC, Major Hospitals HCA Parkridge, Erlanger, Memorial, Major Corporations: UNUM, BlueCross, Cigna, TVA, All Local Banks
Total Number of Buildings: 1
Typical SF / Floor: 2,000 SF
Year Built: 1900
Year Renovated: 2000
Roof Type: Gambrel
Construction/Siding: Brick, Wood Frame, Wood Siding, Wood Shingle
Exterior Description: Classic turn of the century architecture with a large covered front porch, Large Columns frame the entry,
Parking Ratio: 8 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved parking in the rear plus a 2 car garage
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Original architectural elements are throughout the main level which has the highest level of renovation and the other floors have been renovated over time.
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: There is an easement for access in the rear and for parking
Land Ownership: The land is owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,693 52,615 131,578
Median Age: 28.51 33.54 37.08
Households: 2,275 21,212 54,824


Photograph of Listing Agent

Chip Ellis

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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