Freestanding Historic building in the Opportunity Zone

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30716279
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Research & Development, Other
Status: Pending/Contingent
Building Size (RSF): 2,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $205,000
Unit Price: $85.42 PSF
Docks/Doors: 1 Door
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2021

Overview / Comments

This property on Dodson Avenue is perfect for construction companies or any type of contractor: plumber, HVAC, electricians, etc.

Heating and cooling can easily be added utilizing the 3 phase electric and 2 gas lines. The property enjoys close proximity to the Glass Street district which is currently undergoing revitalization. This property would also be great for artists or anyone wanting a property conducive to live/work.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County and City of Chattanooga
Tax ID/APN: 033137A A 00900
Property Located Between: Glass Street and Wilder Street
Airports: Chattanooga Airport
Site Description: Mostly level lot surrounding the building, gentle slope up to adjoining lot. Property is mostly cleared.
Area Description: Redevelopment area in the opportunity zone, where incentives exist for new business owners. This area may be eligible for historic tax credits. Buyer to verify any and all zoning, development incentives, and applicable tax programs. Information listed here deemed to be reliable but not guaranteed.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 2,400 SF
Property Condition: Fair
Year Built: 1950
Roof Type: Hip
Construction/Siding: Brick, Concrete
Exterior Description: Historic brick building, garage door that opens to Fairleigh. Gated yard. Freshly painted exterior.
Parking Type: Surface
Parking Description: gravel parking area
Legal Description: Pt Lts 47&48 Blk 15 Blk 3-15&14 Gla Ss Farm Pb 2 Pg 20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,591 55,084 150,354
Median Age: 33.31 35.7 37.25
Households: 2,581 21,834 63,935


Photograph of Listing Agent

Sarah E Brogdon

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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