Redevelopment Opportunity in Highland Park

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30343184
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 49,668 SF
Gross Building Area: See Agent
Gross Land Area: 4.97 Acres
Sale Price: $2,125,000
Unit Price: $42.78 PSF
Property Use Type: Business
Building Name: Lucey Boiler Company
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

***Seller calling for highest and best offers by 11/9/18 at 12pm. Offers must be on a TN Commercial Purchase and Sale Agreement and be accompanied by Proof of Funds*** Rare redevelopment opportunity in downtown Chattanooga! 901 S Holtzclaw Ave is a 4.97 acre parcel situated in the heart of Highland Park, and the current home of Lucey Boiler Company. Zoned M-1 and in a tax credit zone, this property can be used for manufacturing or the land could be redeveloped into a hotel site, event space, retail space, land for new construction homes, etc. For an additional $525,000, seven adjoining parcels can be purchased with the property allowing for 1.82 more acres. The land is surrounded by single family homes, new construction, and established homes alike. Close to downtown, there is an abundance of businesses, restaurants, and retail spaces nearby. If you're looking to invest in a creative downtown project, don't miss this incredible Highland Park redevelopment opportunity. Call today for more information!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 146J D 001
Zoning: M-1
Tenancy: Single Tenant
Legal Description: Tract 1 Lucey Boiler Co Property N/ R 0090 13 01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,974 79,120 143,218
Median Age: 26.86 35.13 36.95
Households: 3,439 31,980 59,495

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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