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842 S Germantown Road

Chattanooga, TN 37412
  • $275,000
  • STATUS: Active
  • ON SITE: 181 Days
  • MLS #: 1391640
UPDATED: 44 min ago
$275,000
  • 4
    BEDS
  • 0.47
    ACRES
  • 1
    BATHS
  • 2
    1/2 BATHS
  • 3,641
    SQFT
  • $76
    $/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.chattanoogahomes4sale.com/homes/150343383
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842 S Germantown Road Chattanooga, TN 37412

  • Price: $275,000
  • Status: Active
  • On Site: 181 Days
  • Updated: 44 min ago
  • MLS #: 1391640
4
Beds
1
Baths
2
½ Baths
0.47
Acres
3,641
SQFT
$76
$/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

Architectural Style [] Attached Garage YN No Carport YN No Construction Materials StoneStucco Exterior Features None Fencing [] Foundation Details Slab Garage YN No Lot Features Gentle Sloping Other Structures [] Parking Features Off Street Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type Free Standing Building View [] View YN No Waterfront Features [] Waterfront YN No

Interior Features

Accessibility Features [] Appliances Gas Water Heater Basement Full Basement YN Yes Building Area Total 3641 Cooling Central Air Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating Central Heating YN Yes Interior Features Open Floorplan Laundry Features [] Levels Two Window Features Wood Frames

Property Features

Additional Parcels YN No Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Grazing Permits BLMYN No Grazing Permits Private YN No Green Energy Efficient [] Green Energy Generation [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Single Family Residence Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Structure Type Free Standing Building Yes Tax Annual Amount 3166.83 Utilities Cable AvailableElectricity AvailablePhone AvailableSewer Connected Utilities Sewer Connected Yes Water Source Public

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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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Denise Murphy with Keller Williams Realty
5008 Austin Road
Hixson TN, 37343