$267,000
$275,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
842 S Germantown Road Chattanooga, TN 37412
4 Beds
3 Baths
3,641 SqFt
Key Details
Sold Price $267,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,641 sqft
Price per Sqft $73
MLS Listing ID 2883789
Sold Date 05/13/25
Bedrooms 4
Full Baths 1
Half Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,167
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions 116.68M X 237.54M
Property Sub-Type Single Family Residence
Property Description
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.
Location
State TN
County Hamilton County
Interior
Interior Features Open Floorplan
Heating Central
Cooling Central Air
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Lot Description Other
Story 2
Sewer Public Sewer
Water Public
Structure Type Stone,Stucco
New Construction false
Schools
Elementary Schools East Ridge Elementary School
Middle Schools East Ridge Middle School
High Schools East Ridge High School
Others
Senior Community false
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