PRICE REDUCED: 931 McCallie Avenue-Turn key commercial Live/Work

Office for Sale
Sale Pending
Catylist Listing ID: 30606827
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Status: Pending
Building Size (RSF): 3,686 SF
Gross Building Area: See Agent
Sale Price: $569,000
Unit Price: $154.37 PSF
Ceiling: 11 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/27/2020

Overview / Comments

Stunning property located in the gateway to the city center for sale. Three blocks from UTC campus adjacent to the Fortwood Neighborhood. Features include:
1. Executive office on ground level for up to 8-10
2. Complete two bedroom apartment on floor two with private terrace
3. Ample, free parking in rear of building
4. Fully encapsulated basement for storage with a full lab
5. Zoned U-CX-3
6. Prominent signage on McCallie Avenue
7. 11 foot ceilings
8. six working fireplaces
9. New HVAC, water heater, all updated lighting and wiring
10. Beautifully restored original oak floors and oak tiger stripe trim
11. Large kitchen/break room
12. New alarm system
13. Lease option available
Check out video tour! This building will blow you away. Please don't wait to call if you are thinking about owning your office space. The upstairs apartment is income producing and has a tenant currently that can stay in place or vacate upon closing. This is the perfect live work opportunity ******PLEASE PROVIDE 48 HOUR NOTICE FOR SHOWINGS IF POSSIBLE********

Current Tenants

Tenant Business Name Apartment tenant
Is Renting? Yes
Annual Revenue $15,000 (Annual)
Tenant Notes month to month tenant can stay with purchase or vacate if new owner wishes to use apartment.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033146H F 01300
Zoning: U-CX-3
Property Located Between: Central Ave and Fortwood Place
Property Visibility: Excellent
Highway Access: I 24, I 75, I 27
Airports: CHA
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1910
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Structure
Parking Description: 10 spaces in rear of building
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit, Fiber Optic
Interior Description: Fully restored, all wood floors, craftsman style, intimate scale, welcoming entryway
Zoning Description: Commercial Mixed Use zone. Accommodates a variety of residential retail, service and commercial building forms and uses in a pedestrian friendly environment
Lot Frontage: 50
Lot Depth: 145
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,545 64,750 137,926
Median Age: 27.88 34.39 36.77
Households: 3,496 26,170 57,467


Photograph of Listing Agent

Natalie Hostetler

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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