Brick Building near downtown Chattanooga

Special Purpose for Sale
Sale Pending/Contingent
Catylist Listing ID: 30700976
Status: Pending/Contingent
Building Size (RSF): 3,146 SF
Sale Price: $200,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2021

Overview / Comments

This 1920's building is one of those rare finds. Hidden little gem!

A little bit history of the building: Downstairs was a southern gentlemen's tavern. A place to get away and socialize!

Upstairs was a boarding house. Five separate bedrooms which shared the full bathroom in the hallway.

The walls and ceilings appear to be plaster.

One room has a fireplace.

About a year ago two of the bedrooms and restroom had a little fire damage. The roof is newer with documents. The fire may have caused some damage to the roof.

There's access to the full basement from the first floor. Old plumbing for two restrooms in the basement.

All brick structure with hardwood floors throughout downstairs and up.

Could fit up to 4 vehicles in the side parking area.

Fairview Ave. is right off of 11th St. just before Central Ave.

More pictures: https://photos.app.goo.gl/7B9EmMQKMFvUShp4A

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga and Hamilton County
Tax ID/APN: 033146I A 01200
Zoning: COMMERCIAL RETAIL TRADE - OTHER BAR/TAVERN
Property Located Between: 11th St. and Fairview Ave.
Largest Nearby Street: 11th St.
Feet of Frontage: 52
Airports: Chattanooga 30 minutes
Site Description: Corner lot at the end of Fairview Ave. Surrounded by commercial businesses.
Area Description: Surrounded by commercial businesses. At the end of Fairview Ave. Kind of like a dead-end.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Potential up to 4 off street spaces.
Sprinklers: None
Interior Description: Original 1920's
Zoning Description: Property Type Commercial Land Use Retail Trade - Food Improvement Type Bar/Tavern
Lot Frontage: 50
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner
Legal Description: Pt Lt 147 Park Place Addn Pb1 Pg2 0 088 20 08

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,068 66,539 135,054
Median Age: 29.48 34.71 36.68
Households: 4,524 26,688 55,916

Contact

Photograph of Listing Agent

Cliff Butler

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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