435 Cedar AveSouth Pittsburg, TN 37380
- Retail properties
- 1,200 SF
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
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
Comparable in this City
Similar Nearby for Sale
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