Double Lot w/Building on E. Main Street
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30669713 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Status: |
Pending |
| Building Size (RSF): |
7,461 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.78 Acres
|
| Sale Price: |
$1,050,000 |
| Unit Price: |
$140.73 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/13/2021 |
Overview / Comments
|
Two lots with a building at the corner of Central and Main are ready for re-development. These two lots total .78 acres and have access points on Main Street and Central. Behind the property is an alley way that leads from Central to Fagan Street. Main Street is experiencing explosive growth that includes condos, apartments, new homes and businesses. At the very eastern end of Central a new development,"Mill Town", is scheduled to begin construction in 2021. This neighborhood will have 330 units along with commercial space.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033146P G 00100 |
| Zoning: |
C-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Other |
| Property Located Between: |
Central Avenue and Fagan Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Feet of Frontage: |
372 |
| Traffic/Vehicle Count: |
11,000 |
| Highway Access: |
Interstate 24 and 75 are just a few quick minutes from Main Street. |
| Airports: |
Chattanooga Airport |
| Area Description: |
Main Street is a growing area with new development. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1920 |
| Construction/Siding: |
Block |
| Lot Frontage: |
372 |
| Lot Depth: |
132 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,553 |
73,070 |
141,838 |
| Median Age: |
27.2 |
34.84 |
36.9 |
| Households: |
2,817 |
29,410 |
58,712 |
|
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