2001 Long StChattanooga, TN 37408

  • Retail properties
  • 1,296 SF
For Lease
$20.04/SF/YR View listing

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
2001 Long St, Chattanooga, Tennessee

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

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
2023
$2,505
-
-
$111,960
-
$232,100
$47,800
$279,900

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].