former Grandview Hotel built circa 1908

Special Purpose for Sale
Catylist Listing ID: 30718977
Building Size (RSF): 8,993 SF
Gross Land Area: 0.47 Acres
Sale Price: $1,450,000
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 8,993 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

The former Grandview Hotel built circa 1908 , Located directly off E Main (745) at Slayton Street. Constructed in 1908 the building has been used as a hotel, boarding house, 1st floor grocery store and apartments. Includes 3 addition parcels totaling .46 acre. 129 feet of E Main Street frontage, traffic counts on E Main and Central. Easy access to I-24 and rear gated parking equaling an excellent mixed use development investment. Added bonus an extra unfinished 935 sf above current 1st floor offices ......a hidden Mezzanine level accessed from inside kitchen dropped ceiling area or viewed outside from 1st floor bricked exterior.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 146I E 016;146I E 017; I46I E 018;146I E 015
Zoning: C-2
Property Located Between: E Main Street & Slayton Street
Property Visibility: Excellent
Largest Nearby Street: E Main Street
Feet of Frontage: 129
Traffic/Vehicle Count: 10,749
Highway Access: Main to Central to I-24 East & West
Airports: Chattanooga
Site Description: historic 3-story brick building, easy access to I-24 from Central Avenue. Surface parking and majestic views of downtown and Lookout Mtn from upper stories of property. Full service technology offices on first floor, floors 2 and 3 have original wood flooring, stair case, exposed brick, and original wood framing.
Area Description: Southside area is the focus of creating a sustainable urban neighborhood with various housing options, parks, restaurants, retailers, grocers and small businesses. Already flourishing with pocket housing areas such as Cowart Place, Fort Negley and Jefferson Heights, the eclectic Southside offers a wide variety of housing options for any budget, from apartments and condos to townhomes and single family homes of all designs – from contemporary to traditional. Also, Market and Main Streets are home to not only attractions such as the Chattanooga Choo-Choo, but several of the city’s finest restaurants, pubs, local retailers, city fire station, Spanish grocer and another planned upscale grocery store.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,993 SF
Property Condition: Average
Year Built: 1908
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 3-Story double brick masonry constructed 1908
Parking Type: Surface
Parking Description: Surface gated/enclosed parking
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Gigabit
Interior Description: First floor recently renovated as current company technology offices. 1920 era wooden staircase lead to 2nd and 3rd floor with original wood floors and framing. Outside E Main Street entrance to 2nd and 3rd floors. See interior pictures. Added bonus an extra unfinished 935 sf above current 1st floor offices ......a hidden Mezzanine level accessed from inside kitchen dropped ceiling area or viewed outside from 1st floor bricked exterior.
Zoning Description: C-2 Commercial
Lot Frontage: 129
Lot Depth: 157
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lts Pt 3&4 Slayton Addn Pb 4 Pg 34 0102 10 03; Pt Lt 4 Slayton Addn Pb 4 Pg 34; Pt Lts 2,3 Slayton Addn Pb 4 Pg 34

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,553 70,110 141,642
Median Age: 27.2 34.67 36.88
Households: 2,817 28,047 58,731

Contact

Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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