25 E Main Street, 1, Chattanooga, TN 37408 (MLS# 1343163)

25 E Main Street, 1, Chattanooga, TN 37408

$2,250,000
Property Type: Residential Bedrooms: 1 Square Footage: 13,000 Lot Size (sq. ft.): 38,768 Status: Closed
Current Price: $2,250,000 List Date: 11/04/2021 Last Modified: 9/07/2024

Overview

Description

Incredible development and investment opportunity in the heart of Chattanooga's booming Southside district. This property offers income from day one with a tenant on the second floor with development opportunities on the third floor. First floor condo has been sold. The offering is for the second and third floor and developer control of the project. The seller has restored the shell of this historic building, added an elevator and stairwell, added a garage for third floor occupants, and has redeveloped and rented the second floor to an established financial services company that has been there for several years and is looking to stay.

Supplements: The third floor is an open floorplan and shell ready for development as one-of-a-kind residential unit(s) or offices with an unmatched combination of views and walkability with parking. The first floor condo is home to Alleia Restaurant from award winning chef and restaurateur, Daniel Lindley. The office on the second floor features classic expos ...

Listing Details MLS# 1343163

General Property Information

Bedrooms Total
Yes
Living Area
13000
Living Area Source
Tax Records
Enhanced Accessible
No
Year Built
1900
New Construction YN
Yes
Builder's Warranty YN
No
Home Warranty YN
No
Garage YN
No
Attached Garage YN
Yes
Carport YN
No
Lot Size Acres
0.89
Lot Size Square Feet
38768.4
Lot Size Dimensions
298 x 130 IRR
Association YN
No
View YN
No
Waterfront YN
No
Basement YN
No
Fireplace YN
No
Senior Community YN
No
List Price/SqFt
191.15
Sold Price/SqFt
173.08

Property Features

Appliances: None Basement: None Construction Materials: Brick Cooling: None Exterior Features: None Foundation Details: Slab Heating: None Interior Features: Separate Dining Room Levels: One Listing Terms: Cash Roof: Asphalt Utilities: Electricity Available; Sewer Connected Water Source: Public Lock Box Type: None

Contract Information

Listing Contract Date
2021-09-14
Auction YN
No
Property Sub Type
Condominium
Office Exclusive
No

Location Tax and Legal

Street Number
25
Street Direction Prefix
E
Street Name
Main
Street Suffix
Street
Unit Number
Yes
County
Hamilton
State
TN
Postal Code
37408
Subdivision Name
None
MLS Area Major
Chattanooga

Remarks and Miscellaneous

Public Remarks
Incredible development and investment opportunity in the heart of Chattanooga's booming Southside district. This property offers income from day one with a tenant on the second floor with development opportunities on the third floor. First floor condo has been sold. The offering is for the second and third floor and developer control of the project. The seller has restored the shell of this historic building, added an elevator and stairwell, added a garage for third floor occupants, and has redeveloped and rented the second floor to an established financial services company that has been there for several years and is looking to stay.
Directions
25 East Main Street is between Market Street and Rossville Blvd. The building is called the Harrington Building.

Status Change Information

Major Change Timestamp
2021-11-04T20:59:18Z
Major Change Type
Status Change
Price Change Timestamp
2021-11-04T19:26:52Z
Status Change Timestamp
2021-11-04
Under Contract Date
2021-11-04
Close Date
2021-11-04
Close Price
2250000

More Information

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
723
Listing Office’s State of Licensure
TN
Listing Office’s License Number
261658
Co-Listing Agent's State of Licensure
TN
Co-Listing Agent's License Number
7461
Co-Listing Office State of Licensure
TN
Co-Listing Office License Number
261658

Historical Information

Public Historical Remarks 1
Bed/Bath: to be built.
Listing Office: Herman Walldorf Commercial, Inc.
Last Updated: September - 07 - 2024
Information deemed reliable but not guaranteed.