102 Peerless Avenue, Chattanooga, TN 37405 (MLS# 1296193)

102 Peerless Avenue, Chattanooga, TN 37405

$1,880,000

Property Type: Land Lot Size (sq. ft.): 137,650 Status: Closed

Current Price: $1,880,000 List Date: 3/14/2019 Last Modified: 5/02/2025

Overview

Description

Rare and unique opportunity.... 3+ acre tract located in prime North Shore area. This property is situated behind Whole Foods Market and is accessible from Stringer Street and Peerless Ave. Property is located only 2 blocks from Cherokee Blvd. Tremendous opportunity for investment in one of Chattanooga's most desired and growing areas. Various parcels are zoned for residential, commercial, and industrial, so property will need to be rezoned. See attached document showing each address included in the sale.

Listing Details MLS# 1296193

General Property Information

Lot Size Acres: 3.16
Lot Size Square Feet: 137649.6
Association YN: No
Senior Community YN: No
View YN: No
Waterfront YN: No
Flood Zone YN: Partial
List Price/Acre: 791139.24
Sold Price/Acre: 594936.71
Lot Size Dimensions: No

Property Features

Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Cleared; Irregular Lot; Level; Will Not Divide Other Structures: Residence; Storage Possession: Negotiable Possible Use: Commercial; Industrial; Multi-Family; Single Family Road Frontage Type: City Street Utilities: Electricity Available; Sewer Available; Water Available Water Source: Public Lock Box Type: None

Contract Information

Listing Contract Date: 2019-03-14
Auction YN: No
Property Sub Type: Unimproved Land
Office Exclusive: No

Location Tax and Legal

Street Number: 102
Street Name: Peerless
Street Suffix: Avenue
County: Hamilton
State: TN
Postal Code: 37405
Subdivision Name: Cummings

Remarks and Miscellaneous

Public Remarks: Rare and unique opportunity.... 3+ acre tract located in prime North Shore area. This property is situated behind Whole Foods Market and is accessible from Stringer Street and Peerless Ave. Property is located only 2 blocks from Cherokee Blvd. Tremendous opportunity for investment in one of Chattanooga's most desired and growing areas. Various parcels are zoned for residential, commercial, and industrial, so property will need to be rezoned. See attached document showing each address included in the sale.
Directions: From Manufacturers Rd, T/L onto Cherokee Blvd, T/L onto W Manning St, T/L onto Peerless Ave

Status Change Information

Major Change Timestamp: 2022-05-02T18:02:21Z
Major Change Type: Status Change
Status Change Timestamp: 2022-05-02
Under Contract Date: 2021-06-08
Close Date: 2022-04-29
Close Price: 1880000

More Information

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 289329
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 263268

Historical Information

Public Historical Remarks 1: Owner Pays: Will Not Divide. HOA Fee: N/A.

Location, Tax, and Legal

Parcel Number: 135f B 014
Elementary School: Red Bank Elementary
Middle Or Junior School: Red Bank Middle
High School: Red Bank High School
Tax Annual Amount: 18409.48
Tax Legal Description: Lt 22 Will Cummings Sub Pb 9 Pg 37
Deed Book: 1954
Deed Page: 407

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Lot Features

Cleared: Yes
Irregular Lot: Yes
Level: Yes
Will Not Divide: Yes

Other Structures

Residence: Yes
Storage: Yes

Possession

Negotiable: Yes

Possible Use

Commercial: Yes
Industrial: Yes
Multi-Family: Yes
Single Family: Yes

Road Frontage Type

City Street: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Water Source

Public: Yes

Lock Box Type

None: Yes

Listing Office: The Trusted Team Keller Williams

Last Updated: May - 02 - 2025

Information deemed reliable but not guaranteed.