842 Germantown Rd S, Chattanooga, TN

$325,000

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4

Beds

3

Baths

3,641

Square feet

0.47

Acres

About 842 Germantown Rd S

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.

Features of 842 Germantown Rd S

MLS® # 1391640
Price $325,000
Bedrooms 4
Bathrooms 3.00
Full Baths 1
Half Baths 2
Square Footage 3,641
Acres 0.47
Year Built 1900
Type Residential
Sub-Type Residential
Style 2 Story, Site Built
Status Active

Community Information

Address 842 Germantown Rd S
Subdivision None
City Chattanooga
County Hamilton
State TN
Zip Code 37412

Amenities

Garages None, Off Street Parking
Is Waterfront No
Has Pool No

Interior

Interior Attic Storage - Walkout
Appliances Water Heater - Gas
Heating Central
Cooling Central
Fireplace No
Has Basement Yes
Basement Full

Exterior

Exterior Stucco
Exterior Features None
Lot Description Gradual Sloping
Windows Windows - Wood
Roof Shingle
Foundation Slab

School Information

Elementary East Ridge Elementary
Middle East Ridge Middle
High East Ridge High

Additional Information

Foreclosure No
Short Sale No
HOA Fees Freq. Not Applicable

Listing Details

OfficeKeller Williams Realty

Listing Map

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