2001 Long StChattanooga, TN 37408
- Retail properties
- 1,296 SF
Property Details for 2001 Long St
- Year built
- 1966
- Lot size
- 0.58 AC
- Property size (Sq ft)
- 1,296 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 145M B 017
- APU
- 145MB017
Description
This unique Southside Chattanooga property presents a rare investment opportunity. The former filling station, built in 1966, boasts a 2100 square foot building and a substantial 1500 square foot canopy, ideal for expansion or covered outdoor seating. Situated on a nearly half-acre lot, ample parking is readily available. The property's zoning is UCX, allowing for a variety of uses. The building itself is classified as Class C and is a single-tenant space, currently configured as a restaurant, bar, and office. The substantial size of the lot and the existing building provide significant flexibility for future development. This property is located in Hamilton County and is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. The building's history adds character and charm, while its size and location provide a strong foundation for a variety of commercial ventures. The existing structure offers immediate occupancy, allowing for a quick start on any redevelopment or repurposing plans. The large canopy provides significant covered space, perfect for outdoor dining, additional storage, or expansion of the existing building footprint. This property is a blank canvas for a creative entrepreneur or investor looking to capitalize on the vibrant Southside Chattanooga market. Contact the listing agent for access.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $402,941
- 6.5%
- $371,946
- 7%
- $345,378
-
Comparable approach
- Method
- Valuation
- Relative Method
- $531,986
- Geo Method
- $637,050
-
Alternative Use
- Use
- Valuation
- Residential
- $313,750
- Hospitality
- $287,393
- Educational
- $239,108
- Medical
- $247,331
- Retail
- $371,946
Location Insight
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.0318
- Longitude
- -85.3105
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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