JoAnn Building

Retail-Commercial for Sale
Catylist Listing ID: 30775557
Property Subtypes: Mixed Use, Restaurant
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 4,305 SF
Sale Price: $375,000
Unit Price: $41.67 PSF
In Opportunity Zone? Yes
Is Quick-Service Restaurant? Yes
Property Use Type: Business
Building Name: JoAnn Building
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

The JoAnn Building is the first historic building you see when entering Rossville Georgia at the Tennessee State Line. Rossville is currently in the midst of a revitalization and this building should take the lead! There is a fully furnish restaurant on the bottom floor. The top floor was once the location of prestigious law offices. The possibilities with this space are endless. Maybe a wedding venue? or a Boutique Hotel? The sq footage is estimated. The sprinkler system has just been recertified. There is some updated electrical. The roof is around 7 years old.
The City of Rossville will require the new owner to apply for permission for parking. The seller will not do this as it would have to be redone after the sale. This building currently has vintage retail merchandise that is in the process of being moved.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Rossville
Tax ID/APN: 2003 039
Zoning: RVC1
Retail Clientele: Business
Property Visibility: Fair
Largest Nearby Street: GA Hwy 27/Chickamauga Ave
Feet of Frontage: 123
Airports: Chattanooga Airport
Number of Stories: 4
Property Condition: Fair
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick Building with Metal Awnings
Parking Type: Other
Parking Description: Street parking is permitted by the City of Rossville. Buyers must apply for parking after the sale is complete as the city requires the owner to apply and the permission does not convey.
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Gigabit, Fiber Optic
Interior Description: The interior is outdated and has not been updated and has been reflected in the price.
Water Service: Municipal
Sewer Type: Storm
Legal Description: PTLL9 9/4 LT 9 BLK 2 ORIG TOWN OF ROSSVILLE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,482 61,628 127,377
Median Age: 34.51 36.76 37.41
Households: 2,079 25,194 51,780


Photograph of Listing Agent

Sabrina Janow

RE/MAX Properties Greater Chattanooga REALTORS® Member
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