SouthSide Re-Development Opportunity

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30398684
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Building Size (RSF): 15,195 SF
Gross Building Area: See Agent
Sale Price: $1,450,000
Unit Price: $95.43 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2019

Overview / Comments

The building is 15,195 SF and is currently leased to a well established business. One side of the building has been remodeled inside and the outside has been freshly painted. The other building has been cleaned and awaited rejuvenation.

The SouthSide of Chattanooga is experiencing massive growth with condos, townhomes, single family homes, restaurants, retail and professional businesses. This is what makes 1802 & 1802.5 Washington Street such an ideal location for any office, business or restaurant!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145M K 00100
Zoning: M-1
Retail Clientele: General, Family, Business
Property Located Between: Washington Street and Rossville Avenue
Property Visibility: Good
Largest Nearby Street: East Main Street
Highway Access: Easy access to Hwy 24
Area Description: The property is located next door to the brand new Keller Williams Realty and behind the property is single family homes.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,215 SF
Property Condition: Good
Year Built: 1972
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,149 65,010 136,495
Median Age: 27.5 34.46 36.86
Households: 1,794 25,844 56,400

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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