1401 Williams St - Southside Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30210302
Property Subtypes: Free-Standing Building, Mixed Use
Status: Pending/Contingent
Building Size (RSF): 20,496 SF
Gross Building Area: 30,744 SF
Gross Land Area: 0.27 Acres
Sale Price: $1,985,000
Unit Price: $96.85 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

Potential Residential Conversion or mixed use opportunity on the Southside! Currently, partially tenant occupied with retail tenants on the main level and a variety of tenants occupying some of the second level office space. 3,000 +/- Sf condo shell space on the second level would make a fantastic live/work space with convenient access to the freight elevator that services all 3 levels, including the unfinished basement. Built in 1910, the building has amazing character with much of the original hardwoods and is in the perfect location to take advantage of the growth in this area of town which features restaurants, entertainment venues, the historic Choo Choo, shopping, schools and new and refurbished housing.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145L A 001
Zoning: M-1
Retail Clientele: General, Family, Traveler, Tourist, Convention
Property Located Between: Williams and 14th Street
Property Visibility: Good
Largest Nearby Street: Main St
Highway Access: Hwy 24, 27
Airports: Chattanooga
Site Description: Level
Area Description: Historic Southside District is growing area of restaurants, shopping, art, new & refurbished housing, entertainment
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,248 SF
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior
Parking Type: Surface
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Gigabit
Interior Description: Main level - retail; upper level is mostly office with 3,000 +/- shell available
Zoning Description: M-1
Lot Frontage: 145
Lot Depth: 119
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Pt Lts 24, 25, 27 Blk 2 J C Stantons Sub Pb H2 Pg 156

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,307 55,568 125,725
Median Age: 31.06 33.71 36.56
Households: 4,176 21,935 51,977


Photograph of Listing Agent

Jay Robinson

Keller Williams Realty Greater Chattanooga REALTORS® Member
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