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517 ML King Blvd, Chattanooga, TN 37403

Commercial property for sale

  • Description
  • Mixed use development opportunity in the renewal community of Martin Luther King. Building sits directly behind UTC housing. Building is ideal for student housing or offices upstairs and retail commercial down below or as a professional space for offices such as a law or accounting firm. There is the beginnings of renovations in each space: four apartments or offices upstairs, two retail spaces, and one potential restaurant space below. There is street parking along the front, by the hour parking lot on the east side, and land in the rear for a parking lot. Seperate entrances for each unit below from the fron and the rear. Entrances to the upstairs unit from both the front and the rear. Student housing is needed with UTC housing at 100% occupancy and a wait list. This area is eligible for Renewal Community Tax Credits and Incentives such as the Commercial Revitalization Deduction. There is an additional .5 acres of land adjacent to this property which is available for development. Building price details: $325,000.
  • Property Details
  • Property Type: Retail
    Use Types: Free-Standing Building, Mixed Use, Street Retail, Other, General
    Status: Available
    Price: $ 55 +/SF
    Number of Stories: 2
    Year Built: 1956
    Year Renovated: 2006
    MSA: Chattanooga
    Zoning: C2
    Buildings: 1
    Construction: Brick, Concrete
    Terms: Cash to Seller, Owner Financing
    Added: 12/23/2011
    Last Update: 08/20/2012
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 12
    Parking Type: Surface
  • Contact info
  • 423-875-3600 [Office]
  • Note

  • Details Info about this row that located on 517 ML King Blvd, Chattanooga, TN 37403 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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