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 |
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 |
|
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