Mixed use development opportunity in the renewal community of Martin Luther King. There is street parking along the front and back of the building with additional parking along the side of the building on Foster Street. This area is eligible for Renewal Community Tax Credits and Incentives such as the Commercial Revitalization Deduction. Value Added +++++++ Great Corner Location on E MLK & Foster. 3,990 sqft, "historic" building located on a 5,227sqft corner lot. Zoned C-3. The Property is adjacent to Mixed-Use Retail/Apts. Property is being sold, "AS IS." Great demographics, Can be converted to any type of retail/apts.
Located in the historical district of MLK. The property is listed on the National Register of Historic Places and and eligible to receive historic tax credits for renovation. Pilot money/grants may be available for affordable housing as well.
Property located in C-3 Central Business Zone. It is the intent of the C-3 Central Business Zone to promote and sustain the development of a maximum efficient density and diversity of commercial, governmental, and service enterprises to serve as a center for the business and cultural interests of the greater Chattanooga area. - Parking description: Parking is located in front of the building on MLK, along the side of the building on Foster Street and behind the building. Approximately 15+ - Area description: The MLK Blvd. Historic District is an elongated area lying approximately five blocks in an east-west direction an one block wide in a north-south direction. The area borders the city's central business district. The district contains thirty-six primarily brick commercial buildings constructed mostly in the period from the late 1890'l to about 1917. The district includes a mixture of commercial and residential uses. The commercial uses predominate in the district. However, many floors above ground level in the commercial structures are used as apartments. - Number of buildings: 1 - Building condition: Poor
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