Signal Industrial Products Inc.. A Southside Development Opportunity

Special Purpose for Sale
Catylist Listing ID: 30525005
Building Size (RSF): 13,500 SF
Gross Land Area: 0.31 Acres
Sale Price: $1,800,000
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 13,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2019

Overview / Comments

Located in the heart of Southside development. The historic Signal Industrial Products building circa 1907 currently zoned U-CX-4 (mixed residential/commercial use up to 4 stories in height) and home to Signal Industrial Products. 13,500 square feet currently mixed-use office/warehouse.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 145K K 002
Zoning: U-CX-4
Property Located Between: Cowart and 16th Street
Largest Nearby Street: Cowart Street
Feet of Frontage: 100
Highway Access: Cowart to E Main to 127 to I-24 East or West.
Airports: Chattanooga
Site Description: In the heart of the Chattanooga Southside is the Signal Industrial Products building Currently used as an active wholesale/retail business. 13,500 square feet which is an excellent redevelopment opportunity. Up to 4 Stories of mixed commercial/residential use.
Area Description: The Southside is a trendy strip of art houses, galleries, restaurants and beautifully restored architecture spanning Main Street and beyond. It’s the epicenter of our very own cool, southern-cosmopolitan groove that attracts artists, musicians, entrepreneurs and those who look at life from a slightly different perspective.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,500 SF
Property Condition: Good
Year Built: 1907
Year Renovated: 2003
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Painted Brick
Parking Type: Surface
Sprinklers: None
Internet Access: Gigabit
Interior Description: Mixed Office/Warehouse/Retail counter
Zoning Description: U-CX-4
Lot Frontage: 100
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt Pt 1 Glass Addn Whiteside St N/R 0101 24 02

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,344 54,331 128,256
Median Age: 32.23 33.87 36.67
Households: 3,714 21,466 53,005

Contact

Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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