Southside 2 Buildings, Redeveloment, I-24, Market & 20th Sts.

Special Purpose for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30351456
Building Size (RSF): 3,962 SF
Gross Building Area: See Agent
Gross Land Area: 11,326 SF
Sale Price: $950,000
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

Southside Property Redevelopment Investment Opportunity at the corner of W. 20th and Emerson Dr., between Market and Broad Street, at the I-24, Hwy. spilt. There are two connected buildings on the property operated by an auto repair service with walk-in doors on W. 20th St, 2 Bay Doors with a fenced parking area accessible from Emerson Street which exits onto W. 20th or 19th St.; adjoining apartments are also available for sale. Wide range of possibilities on Chattanooga's booming southside with easy access to Downtown Chattanooga, Historic Lookout Mountain and I-24. Currently used as an automotive repair business. Adjoining Properties are available.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Redevelopment District
Taxing Authority: City of Chattanooga Hamilton County TN
Tax ID/APN: 033145M A 01600
Zoning: COMMMERCIAL
Property Located Between: Market Street, Broad Street at Interstate 24 and TN Hwy 27 Interchange
Property Visibility: Excellent
Largest Nearby Street: I-24
Highway Access: Property is located at the I-24, TN Hwy. 27 Downtown Interchange
Site Description: On Street with high visibility and easy access from I-24, Market and Broad Streets on the progressive Southside area. Opportunity zone.
Area Description: Chattanooga booming Southside District with a variety of Restaurants, Hotels, Entertainment, Housing, Schools, goods and services in close proximity. Easy access to I-24, gets you anywhere in Chattanooga SMA in minutes and great location for tourist and vistors to the area.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1950
Construction/Siding: Block
Parking Type: Surface
Parking Description: Surface parking at the rear of the building.
Heat Type: Other
Interior Description: Open work space with smaller/office rooms on one side.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,636 60,094 131,394
Median Age: 30.83 34.12 36.69
Households: 2,942 23,643 54,222

Contact

Photograph of Listing Agent

Judy Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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