2001 Long StChattanooga, TN 37408

Property Details for 2001 Long St

Year built

1966

Lot size

0.58 AC

Property size (Sq ft)

1,296 SF

Property type

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.

• 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

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