1808 Cowart StChattanooga, TN 37408

This exceptional redevelopment opportunity presents a 12-unit apartment building situated on a 0.29-acre lot in Chattanooga, Tennessee's vibrant Southside district. The property, located at 1808 Cowart St, zip code 37408, boasts 7,368 square feet across two stories in a single building constructed in 1900. Currently operating at 100% occupancy, this income-producing asset offers immediate cash flow while providing significant development potential. The property is zoned URA-3, allowing for various development options. Its prime location within the historic district places it near the city center, riverfront, and a state university, enhancing its appeal and value. Convenient interstate access within one mile further strengthens its strategic position. This package sale includes two parcels, surrounded by a mix of retail, office, and residential properties, reflecting the area's ongoing growth and redevelopment. The existing apartment complex provides a stable income stream during the initial phases of any future development project. Hamilton County tax records list the APN as 145K-N-017. The asking price for this unique investment is $4,631,900.