Proposed Mixed Use in St Elmo: 27 units w/retail

Vacant Land for Sale
Catylist Listing ID: 30487252
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Other
Gross Land Area: 31,000 SF
Sale Price: $730,000
Unit Price: $23.55 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2019

Overview / Comments

Multi-family land in the growing St Elmo area. This site is 0.70 acres and walking distance to downtown St. Elmo as well as all future development on nearby Broad St, including Publix. This site is only minutes from the Virginia Ave greenway and the recently expanded Riverwalk.

Entitlements (including water, electrical, and stormwater) are all provided/in place. Owner will sell the project with his plan for retail space on Level 1 and an additional 27 residential units on Levels 2-4. If desired, owner can apply for Airbnb units in the building.

Zoned UGC and adjacent to the recently announced plans for redevelopment in St Elmo: https://www.timesfreepress.com/news/business/aroundregion/story/2019/may/03/st-elmo-project/494020/

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033155O D 01100
Zoning: UGC
Property Visibility: Good
Largest Nearby Street: Broad Street
Feet of Frontage: 163
Highway Access: Minutes from I-24
Area Description: Located in the historic St Elmo neighborhood that is only minutes from downtown Chattanooga that has seen significant re-investment.
Lot Frontage: 163
Lot Depth: 140
Topography: Gently Sloping

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,081 42,438 105,200
Median Age: 36.28 33.56 36.11
Households: 904 16,110 42,535

Contact

Photograph of Listing Agent

Kelly Fitzgerald

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Natalie Hostetler

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.