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

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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


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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