MLK Paradise

Multi-Family: Mixed Use

328 E M L King Blvd, ChattanoogaTN 37403

Property Details

Location

Address
328 E M L King Blvd, ChattanoogaTN 37403
County
Hamilton
Submarket
Parcels
033145E D 00800
In Opportunity Zone
Yes

Building Size

Building Size
Rentable Space
3,200 SF

Building Details

Type
 Multi-Family: Mixed Use
Number of Buildings
1
Number of Units
5
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
Year Renovated
2016
Sprinklers
Total Parking
13
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
U-SH-3
Lot Depth
Lot Width

Contacts

Current Listings

Downtown commercial investment with 4 apartments and retail space.

3,200 SF$1,199,000

Here is a hard property to find in the middle of the downtown of Chattanooga. Minutes from everything, across the street from Hutton and Smith brewery. There are 4 apartments here at 100% occupancy. One bedrooms and studio style apartments complete with breath taking views off the back elevated porch. Views of Lookout mountain and other urban scenes. Also unique to this area , this building has a large parking lot in the back and off street parking. 13 cars or so at capacity, and a newer black top paving make this parking area desirable in and of it self. The downstairs has a retail space that has been a computer internet cafe geared toward the college which is within a block of this space. This space is now vacant so as the owner / occupant is moving on. The area is growing with breweries , outdoor bars , restaurants , and small shops not only geared toward the growing college but also walking traffic and night life. This property wont last long with the proximity and desire for a mulit-family / retail rental space .

Here is a hard property to find in the middle of the downtown of Chattanooga. Minutes from everything, across the street from Hutton and Smith brewery. There are 4 apartments here at 100% occupancy. One bedrooms and studio style apartments complete with breath taking views off the back elevated porch. Views of Lookout mountain and other urban scenes. Also unique to this area , this building has a large parking lot in the back and off street parking. 13 cars or so at capacity, and a newer black top paving make this parking area desirable in and of it self. The downstairs has a retail space that has been a computer internet cafe geared toward the college which is within a block of this space. This space is now vacant so as the owner / occupant is moving on. The area is growing with breweries , outdoor bars , restaurants , and small shops not only geared toward the growing college but also walking traffic and night life. This property wont last long with the proximity and desire for a mulit-family / retail rental space .

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Greater Chattanooga REALTORS®

More Information

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