Prime Location by Ruby Falls Converted Hotel

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30663116
Property Subtypes: Duplex/Fourplex, Other
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 3,866 SF
Gross Building Area: See Agent
Sale Price: $250,000
Unit Price: $125,000 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 5/18/2021

Overview / Comments

This historic old motel that had been converted into a quadplex and now being occupied by the owner. This location is ideal for a multi-level hotel or apartment building. Zoned C-2 you will face no restrictions in turning this lot into whatever you desire. The cummings HWY location boasts tons of traffic and spectacular views just over the low tree line across the street and is just seconds from RUBY FALLS. This property will be absolutely amazing with just a little imagination.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033155A A 00201
Zoning: R-2
Property Located Between: Ruby Falls and St. Elmo
Highway Access: I-24 and Cummings HWY
Airports: CHA
Site Description: Large lot with some sloping
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 1
Year Built: 1945
Year Renovated: 2003
Roof Type: Gable
Construction/Siding: Stucco
Parking Type: Surface
Laundry: In Each Unit
Zoning Description: C-2
Lot Frontage: 373 feet
Lot Depth: variable
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Pt Se 1/4 Sec 6 Twp 3 R-4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,335 28,216 87,384
Median Age: 46.2 35.25 35.7
Households: 569 11,454 35,185


Photograph of Listing Agent

Matthew J Mucciolo

RE/MAX Properties Greater Chattanooga REALTORS® Member
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