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842 S Germantown Rd

Chattanooga, TN 37412
  • $325,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 1391640
UPDATED: 38 min ago
$325,000
  • 4
    BEDS
  • 0.47
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 3,641
    SQFT
  • $89
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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/life 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 great 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.Large Parking Lot and Land to Expand: Approximately half an acre.

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www.chattanoogahomes.com/homes/150343383
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842 S Germantown Rd Chattanooga, TN 37412

  • Price: $325,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 38 min ago
  • MLS #: 1391640
4
Beds
1
Baths
2
½ Baths
0.47
Acres
3,641
SQFT
$89
$/SQFT
1900
Built
Neighborhood:
None
County:
Hamilton
Area:
Chattanooga
Elementary School:
East Ridge Elementary
Middle School:
East Ridge Middle
High School:
East Ridge High
Property Description
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/life 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 great 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.Large Parking Lot and Land to Expand: Approximately half an acre.
Exterior Features

Exterior Stucco Exterior Features None Foundation Slab Garage Parking NoneOff Street Parking Lot Description Gradual Sloping Lot Size Dimensions 116.68M X 237.54M Roof Shingle Windows Wood

Interior Features

Appliances Water Heater - Gas Basement Full Baths Total 3.00 Cooling Central Dining Combined w/Living Fireplaces 0.00 Heating Central Interior Features Attic Storage - Walkout Number Of Rooms 13

Property Features

Association Fee 0 Auction No Builders Warranty No Description 2 LevelSite Built Financing CashConventional Home Warranty No Possession Day of Closing Senior Community YN No Taxes 3166.83 Type Of Sale Investor Utilities Cable Lines/Above GroundElectric Lines/Above GroundTelephone Lines/Above Ground Water Sewer On Sewer

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: (423) 664-1900.



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Keller Williams Greater Downtown Realty | Barry and Diane Evans - The Evans Group
1830 Washington Street
Chattanooga TN, 37408