$325,000 Price Analysis    ♡   Chattanooga, TN 37412 4 bed 3 bath 3,641 SqFt ($89/SqFt) 0.47 acre lot. Built 1900 Listed 2024-05-09 | Ⓧ USDA Ineligible due to location near Chattanooga |
Even though the property has been utilized as an office for many years
It presents a unique opportunity to convert it back to residential, continue to use it as an office or customize it for both, as a work/lif property. This property combines the best of both worlds - offering the tranquility of residential living with the convenient proximity of retail and services. This property was recently purchased by a non-profit organization to be renovated and used as a school but they found another building that is larger and currently used as a pre-school, so they are able to occupy it immediately. This creates a fantastic opportunity for an investor or business owner to purchase a property at a exceptional price with significant upside potential. Most of the interior has been stripped down to the wall studs and some walls have been completely removed.
This provides a blank canvas for customization, allowing the new owner to tailor the space according to their needs or preferences, whether it will be for their own use, for a new tenant or to divide it for multiple tenants or sharing space with others. The property's suitability for traditional offices or open concept layouts widens its appeal to a diverse range of uses and tenants. Survey and Architectural Drawings Available: Having these documents readily available may streamline the renovation process, provide clarity for potential buyers and tenants and significantly reduce the renovation cost. Income Generation Potential: The ability to divide the building into multiple units offers the flexibility to generate rental income while still having space for the owner's use or until owner's business grows to utilize the entire building. Larg e Parking Lot and Land to Expand: Approximately half an acre.
Presented by Anne Ragland at
Keller Williams Realty.
Property MLS #1391640 from Chattanooga
Full Bathrooms: 1
1/2 Bathrooms: 2
Interior Amenities: Attic Storage - Walkout
Window Features: Wood
Basement Description: Full
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.47
Lot Size Dimensions: 116.68M X 237.54M
Lot Size Square Feet: 20473
High School: East Ridge High
Middle School: East Ridge Middle
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 3166.829999999
Source Listing Status: Active
County: Hamilton
Directions: From I-75, take the Ringgold Road exit headed West, take a right at South Germantown Road. The property will be on the right.
Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Source Property Type: Single Family
Area: East Ridge
Source Neighborhood: East Ridge
Parcel Number: 168d H 006
Property Subtype: Residential
Source System Name: C2C
$325,000
Chattanooga
Building Area Total: 3641
Building Exterior Type: Stucco
Construction Materials: Stucco
Foundation Details: Slab
Levels: Two
Property Age: 124
Roof: Shingle
Total Area Sqft: 3641
Cable Lines/Above Ground
Electric Lines/Above Ground
Telephone Lines/Above Ground
Water Source: On Sewer
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.