36 E Main St, Chattanooga, TN 37404 - retail-commercial property

Detailed information about retail-commercial property which situated in Chattanooga (37404) city, Tennessee state on 36 E Main St.
This area is experiencing a revitalization both residentially and commercially. The Southside neighborhood encompassing Cowart Place, Fort Negley, and Jefferson Hieghts has experienced unparalleded revitalization in the recent years. Main is the connecting link for each of these neighborhoods. A total number of nearly 500 housing units will have been developed to accommodate a growing and diverse residential population. In addition, this area has experienced an equally impressive growth for commercial businesses. To name just a few there is Shadow Box, a specialty stationary store; Alleia Restaurant, specializing in Italian cuisine; Bluegrass Diner, featuring homestyle cooking; Neidlov's Bakery, and Cross Fit training, personal and group fitness training. Chattanooga is the 4th largest city in Tennessee after Nashville, Memphis and Knoxville. According the Relocate America, Chattanooga has been ranked the 3rd best place to live in America for 2008. REIS 4th quarter 2007 ranked Chattanooga as the 6th city in the nation for employment growth. Chattanooga is among the 50 hottest cities nationwide for companies looking to expand or relocate according to Expansion Management Magazine. In the June 2004 Urban Land magazine, quotes that the city's ambitious 21st Century Waterfront Plan, together with a comprehensive job growth strategy, has Chattanooga posed to emerge as the envy of riverfront cities across the nation.

Additional Information: Situated near the corner of E Main and S Market this property is an excellent development opportunity in the popular E Main St district. This freestanding building offers fantastic visibility and is ideally suited for retail below, office on the second level, and a two level apartment in the rear. This property provides for a work/live plus some income producing from either the office or the retail space. There has been some rehab construction work completed in the rear of the building along with a new roof. Architectural plans have been drawn up for the above described division of space. Renewal community tax credits are available for this area as incentives for developments. This property has parking in the rear. Owner is willing to finance the sale of this property.