435 Cedar AveSouth Pittsburg, TN 37380

  • Retail properties
  • 1,200 SF
For Sale
$299,000 View listing

Property Details for 435 Cedar Ave

Year built
1955
Lot size
0.50 AC
Property size (Sq ft)
1,200 SF
Property type
Retail properties
Property subtype
Retail space
APN
058142O B 00900
APU
058142OB00900

Description

This exceptional mixed-use property in downtown South Pittsburg, Tennessee, presents a unique investment opportunity. Priced at $299,000, this offering encompasses two buildings totaling 3,020 square feet on a 21,600 square foot lot. The main building, constructed in 2005 and spanning 1,820 square feet, features a flexible interior layout easily adaptable to various retail or office configurations. Non-load-bearing interior walls allow for simple redesign. A secondary 1,200-square-foot building, previously used for pet boarding, offers additional space. Both buildings have undergone periodic updates and maintain an attractive aesthetic suitable for commercial use. Located in the heart of South Pittsburg, this property benefits from its proximity to the renowned National Cornbread Festival and Lodge Manufacturing. The property was formerly home to "Tails Up" Pet Grooming and Boarding, which has since relocated. The sale includes a non-compete agreement. The property was originally built in phases, with construction dates of 1955 and 1964, and has a permitted commercial zoning. This presents a rare chance to acquire a versatile property in a vibrant downtown setting. The asking price equates to $99.01 per square foot.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $373,094
    6.5%
    $344,394
    7%
    $319,795
  • Comparable approach

    Method
    Valuation
    Relative Method
    $492,579
    Geo Method
    $589,861
  • Alternative Use

    Use
    Valuation
    Residential
    $290,509
    Hospitality
    $266,105
    Educational
    $221,396
    Medical
    $229,010
    Retail
    $344,394
435 Cedar Ave, South Pittsburg, Tennessee

Location Insight

City
South Pittsburg
County
Marion
State
Tennessee
Latitude
35.0091
Longitude
-85.7056
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,508
$16,800
$43,520
$60,320
-
$42,000
$108,800
$150,800

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