435 Cedar AveSouth Pittsburg, TN 37380

Property Details for 435 Cedar Ave

Year built

1955

Lot size

0.50 AC

Property size (Sq ft)

1,200 SF

Property type

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.

• 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

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