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.

Attachments & Media

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

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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


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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