Northshore Redevelopment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30797384
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 14,014 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $2,200,000
Unit Price: $156.99 PSF
Property Use Type: Investment
Building Name: Ziggy's
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2022

Overview / Comments

Rare .86-acre redevelopment opportunity in Chattanooga's Northshore. Property is currently zoned E-CX-3 allowing for mixed-use residential development with minimal setbacks. Tenants are currently month-to-month.

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Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135C C 014
Zoning: E-CX-3
Property Visibility: Excellent
Largest Nearby Street: Cherokee Blvd
Site Description: level .86 acre
Property Condition: Fair
Year Built: 1940
Zoning Description: The Commercial Mixed Use (E-CX-3) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses in a pedestrian-friendly environment. Although buildings are allowed to be exclusively residential or nonresidential in use, the vertical mixing of uses is strongly encouraged. 3 story (40') development is permitted.
Lot Frontage: 85'
Lot Depth: 273'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 1 Shipleys Division Pb42 Pg162 0 037 09 04

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,594 44,650 117,391
Median Age: 34.03 35.31 37.02
Households: 1,557 18,775 49,025

Contact

Photograph of Listing Agent

Trace Walker

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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