842 S Germantown Road, Chattanooga

$275,000

4 Beds
3 Baths
3,641 Sqft
.47 Acre
0 Garage

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.

Essential Information
MLS® #1391640
Price$275,000
Bedrooms4
Bathrooms3.00
Full Baths1
Half Baths2
Square Footage3,641
Acres0.47
Year Built1900
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address842 S Germantown Road
AreaEast Ridge
SubdivisionNone
CityChattanooga
CountyHamilton
StateTN
Zip Code37412
Amenities
ParkingOff Street
Utilities

Cable Available, Electricity Available, Phone Available, Sewer Connected

Interior
Interior FeaturesOpen Floorplan
AppliancesGas Water Heater
HeatingCentral
CoolingCentral Air
Has BasementYes
BasementFull
Exterior
Exterior FeaturesNone
Lot DescriptionGentle Sloping
WindowsWood Frames
RoofShingle
ConstructionStone, Stucco
FoundationSlab
School Information
ElementaryEast Ridge Elementary
MiddleEast Ridge Middle
HighEast Ridge High
Additional Information
Date ListedOctober 17th, 2024
Days on Market48
Property History
Status Changed from Pending to Active
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This site was last updated on December 4th, 2024 at 10:00am