300 S Cedar Ave - Storefront Retail/Office FOR SALE


South Pittsburg, TN 37380
$535,000 USD
423-903-6404
300 S Cedar Ave, South Pittsburg, TN for Sale
$535,000 USD
Storefront Retail/Office - FOR SALE
1/39
null | Request Cap Rate

300 S Cedar Ave
South Pittsburg, TN 37380


HIGHLIGHTS

  • On main street through town - corner of S Cedar and 3rd St
  • Old Hotel with tons of potential
  • Main level storefronts and rear parking lot

OVERVIEW

Built circa 1900, this 3-story all brick building was originally known as the Cameron-Patton Hotel and then the Robert E. Lee Hotel. After a restaurant fire on the back side in the early 1990’s, the owner has utilized the main level for retail having 3 local storefront shops, while the upper two levels have remained mostly untouched and will require restoration. Located on a main thoroughfare on a corner lot in the town of South Pittsburg, TN approximately 30 minutes from Chattanooga. The building has a rear parking lot with access with room for about 10 cars and off-street parking on surrounding streets. Zoned C-3 (Central Business District), the property could be used for a variety of purposes and has so much potential due to the location and history. Would make a quaint boutique hotel or keep the retail space on the main level and add apartments on the upper two levels. Property is being sold As-Is. Tenants are month to month. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Cameron Patton/Robert E Lee Hotel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-3

APN/PARCEL ID

142O-A-022.00

ASK ABOUT THIS PROPERTY

Jay RobinsonKeller Williams RealtyMore Info
423-903-6404

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Jay RobinsonKeller Williams RealtyMore Info
423-903-6404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.