Multi-Purpose Historic Building

Retail-Commercial for Sale
Catylist Listing ID: 30666673
Property Subtypes: Free-Standing Building, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 18,976 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $879,000
Unit Price: $46.32 PSF
Ceiling: 18 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/25/2020

Overview / Comments

This beautiful building is ready for your personal touch. The building was built in 1923 and has recently gone through some major updates. The TPO (Thermoplastic Polyolefin) roof is under 4 years old, 78 new windows, Single Phase 2- 200 Amp breakers, wood trimmed columns on the first floor, two floors consisting of 16,200 SF, a 2,300 SF horseshoe-shaped mezzanine, a 576 SF office w/bathroom, a freight elevator w/all components and parking lot for 25 plus cars. The building is clean and has the 1920's charm that occurred in architecture from that era. The building would fit multiple needs such as, but not limited to, retail, medical, commercial, restaurant, event center, dance studio, condos, warehouse, church or mixed use.

The area is under development. A Sav-A-Lot grocery store is one of the newest additions to the neighborhood. The city is installing new sidewalks and landscaping which will further update the neighborhood.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033136E F 00301
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Dodson Avenue and Taylor Street
Property Visibility: Excellent
Largest Nearby Street: Dodson Aveniue
Feet of Frontage: 271
Traffic/Vehicle Count: 6,000
Highway Access: The property is located north of city center, 7 miles to Hwy 58, 3 miles to Amnicola Hwy and 10 minutes to Interstate 75.
Airports: Chattanooga Airport
Site Description: Beautiful brick building with large parking lot sits on .43 acres. The walls of the building are 4 bricks thick.
Area Description: The building sits on a highly visible signalized street corner in the Avondale neighborhood of Chattanooga. Directly across from the building is a brand new Sav-A-Lot grocery store.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 8,100 SF
Property Condition: Good
Year Built: 1923
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Large gravel parking lot runs parallel to the building.
Freight Elevators: 1
Zoning Description: C-2 zoning allows for Convenience Commercial, intended for retail, consumer service, financial, restaurant, and office uses.
Lot Frontage: 271

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,735 58,290 154,873
Median Age: 34.73 35.41 37.23
Households: 2,228 22,955 65,926

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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