Parking Lot for Sale

Vacant Land for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 30655101
Status: Pending
Gross Land Area: 0.27 Acres
Sale Price: $975,000
Unit Price: $3,611,111 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2021

Overview / Comments

This surface parking lot is centrally located in Downtown Chattanooga one block from the Hamilton County Court House and Market Street at the corner of E. 7th and Cherry Street (located in the Central Business District). It's a short walk to the Memorial Auditorium, Patton Parkway, Central Plaza, Volunteer Building, United Way, Loveman's on Market condominiums, Mayfield Building, Miller Park and many other popular sites in Downtown Chattanooga. This parking lot host 35 parking spaces, is currently on a Month-to-Month Management Agreement with Republic Parking Systems. Original location of the Mountain City Club and the Chattanooga Masonic Lodge. Seller will not sub-divide. This property will not be available for long!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga/Hamilton County
Tax ID/APN: 033145D L 00100
Property Located Between: 7th Street and Cherry Street
Property Visibility: Excellent
Largest Nearby Street: Market Street, E. ML King, Hwy 27
Highway Access: Highway 27 is less than 1 mile from this location.
Site Description: Parking lot with sidewalks bordering the lot.
Area Description: Located in the Central Business District in Downtown Chattanooga
Zoning Description: Commercial
Available Utilities: Electric, Water, Gas, Sewer, Cable, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 128,069
Median Age: 32.04 33.96 36.71
Households: 3,804 20,870 53,257


Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Richard J Howard

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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