UCX-3 Opportunity-Zoned on 11th Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30480651 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
4,848 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.28 Acres
|
| Sale Price: |
$375,000 |
| Unit Price: |
$77.35 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/5/2021 |
Overview / Comments
This property is in the Opportunity Zone located near Onion Bottom Station off of Central Avenue on 1026 11th Street. The property consist of three buildings. The front two are connected by a doorway and have been used as office space. The last building which is the largest (1,952 SF) is an insulated metal building with a large main floor with a mezzanine which can be used as office space or storage and it has a full basement level of equal square footage. Property also includes a large size parking lot with entrances from 10th Street and a back alley.
The area is experiencing on going development. Across the street are new homes, to the right is "Onion Bottom Station" retail complex and Dixie Produce.
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Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033146I B 00300 |
| Zoning: |
UCX-3 |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Central Avenue and Fairview Avenue |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Central Avenue |
| Feet of Frontage: |
83 |
| Highway Access: |
Minutes to Hwy 24 and I-75 |
| Airports: |
Chattanooga Airport |
| Area Description: |
New homes, retail and commercial |
| Total Number of Buildings: |
3 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1946 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Total Parking Spaces: |
40 |
| Parking Type: |
Surface |
| Parking Description: |
The property has paved parking along the front, right side and in the rear of the building. |
| Lot Frontage: |
83 |
| Lot Depth: |
151 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,920 |
65,566 |
136,169 |
| Median Age: |
30.32 |
34.54 |
36.78 |
| Households: |
4,318 |
26,302 |
56,467 |
|
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