Redevelopment Opportunity on the SouthSide

Retail-Commercial for Sale
Catylist Listing ID: 30020993
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 15,144 SF
Gross Building Area: See Agent
Gross Land Area: 0.66 Acres
Sale Price: $1,500,000
Unit Price: $99.05 PSF
Property Use Type: Vacant/Owner-User
Building Name: Felton's Clutch & Brake Service
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

1802 Washington Street is a rare find in the downtown Chattanooga area. It features a 15,144 sf free-standing building on 0.66 acre lot, situated between Washington Street and Rossville Avenue. There are beautiful views of Southside homes right across the street. Property is located in the SouthSide Historic District near Jefferson Heights. Also across the street are several retail centers, such as the Loose Cannon and other shops.

This property would make a great location for a restaurant, retail/mixed-use or any professional offices. Location previously occupied by local business, Felton's Brake and Clutch. Overall, this property has outstanding potential. Owner is willing to sub-divide property into 4 separate units (see attached photo). It is also available for lease at $8 psf.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145M K 001
Zoning: M-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Washington Street and Rossville Avenue
Highway Access: 0.8 mile access to Interstate 24
Airports: Chattanooga Metropolitan Airport - 8 miles

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,034 65,264 139,028
Median Age: 26.77 34.24 36.84
Households: 2,037 25,854 57,477


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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