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: |
8/3/2020 |
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 |
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 |
|
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