Chattanooga TN Multi Family for Sale
$1,800,000
513 W Manning Street Chattanooga, TN 37405
- Type:
- Mixed Use
- Sq.Ft.:
- 6,186
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.41 Acres
- Year built:
- 2017
- Baths:
- MLS#:
- 1502405
ADDITIONAL INFORMATION
This is a one of a kind investment opportunity fusing unique top tear new construction and established existing tenants. There are multiple floors of opportunity both with access to a large parking area. Main level is currently a high end salon that thrives with the new pristine ombiance . Open spaces on the main floor can be used in many ways as the zoning here allows for several combinations of commercial usage. The Second floor boast 3 units and an office area. There are currently 2 permitted short term rentals being operated with the 3rd unit open for discussion. The second floor also has an office area for the building owner, or addtional rental possibility. There is a lot of new development in this specific section or North Chattanooga. This building is walking distance from the heart of North Chattanooga. Dream big as an owner could build out or use the upper units for residential, long term or its current short term rental usage. The quaility of the construction and new multi-use features complete with a parking area ontop of street walking and parking opportunities make this a perfect building for someone looking to move their private practice, or retail / office location. The building could boast a great show room for all types of businesses but provide some steady income to someone looking to slow the transition. Class A Retail/Office/Residential
Chattanooga Real Estate
The median home value in Chattanooga, TN is $273,300. This is lower than the county median home value of $285,200. The national median home value is $338,100. The average price of homes sold in Chattanooga, TN is $273,300. Approximately 46.21% of Chattanooga homes are owned, compared to 43.33% rented, while 10.47% are vacant. Chattanooga real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chattanooga real estate agent to arrange a tour today!
Chattanooga, Tennessee 37405 has a population of 180,353. Chattanooga 37405 is less family-centric than the surrounding county with 21.32% of the households containing married families with children. The county average for households married with children is 27.75%.
The median household income in Chattanooga, Tennessee 37405 is $50,437. The median household income for the surrounding county is $61,050 compared to the national median of $69,021. The median age of people living in Chattanooga 37405 is 36.7 years.
Chattanooga Weather
The average high temperature in July is 89 degrees, with an average low temperature in January of 28.9 degrees. The average rainfall is approximately 51.1 inches per year, with 1.5 inches of snow per year.