Brick Corner Building in Redevelopment Area

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30357539
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 2,211 SF
Gross Building Area: See Agent
Gross Land Area: 60 - 100 SF
Sale Price: $65,000
Unit Price: $29.40 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Pawn Shop
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2019

Overview / Comments

Brick building on corner lot was formerly used as a pawn shop. Building is in the same block as the Station House Restaurant and the Mars Theater. Also close to the train station / rail line that runs through LaFayette. Possible uses are commercial retail, entertainment, or office space. Currently rented for $400 / month.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: 1038 070
Zoning: B1
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: North Chattanooga St, two blocks West of Main St / Hwy 27
Highway Access: Easy access to US Highway 27, 30 mins from Interstate 75
Airports: LaFayette Airport, 30 mins south of Chattanooga Metropolitan Airport
Site Description: Located on corner of Chattanooga St and Henderson St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,211 SF
Property Condition: Average
Year Built: 1931
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior, roof was replaced approximately 4 years ago, parking lot
Parking Type: Other
Parking Description: Parking lot located on side of building
Sprinklers: None
Heat Type: Other
Air Conditioning: Window Unit
Interior Description: 2 open rooms with side door access to 105 N. Chattanooga St. also for sale. Back room has wood heater and restroom.
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PTLL 45 7/4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,511 8,033 13,359
Median Age: 36.95 38.77 39.27
Households: 979 3,182 5,210


Photograph of Listing Agent

Joanna Jackson

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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