Exciting Mixed-Use Property Hits the Market in Chattanooga, Promising Investment Opportunities

Exciting Real Estate Opportunity in Chattanooga!

Chattanooga, it’s bustling with new developments and fresh opportunities! One of the latest offerings is a unique mixed-use property at 328 E. M.L. King Boulevard, which can be an excellent investment for someone looking to get involved in the vibrant community. This listing is making waves and it’s easy to see why!

What’s on Offer?

The property, listed at an inviting price of $1.19 million, spans a generous 3,500 square feet and is set across two levels. It’s perfect for both residential and retail use! According to Nate Card, a commercial real estate broker from Exit Realty, this charming building dates all the way back to the 1920s and boasts four apartments.

Among these apartments, there are two one-bedroom units and two studio-style units, making it a versatile living option for various residents. Each apartment has its unique flair, ensuring that the future residents will love calling this place home.

Park It Here!

Parking can often feel like a daunting task, but this property has you covered. There’s a sizable rear parking lot that accommodates up to 12 vehicles, complete with recently upgraded blacktop paving. Plus, there’s additional off-street parking available, which surely adds to the convenience for both residents and any retail customers. Everyone knows how valuable good parking is – and this property has it!

Growing Neighborhood, Growing Opportunities

The neighborhood itself is buzzing with developments! Just down the road, the Chattanooga Neighborhood Enterprise is hard at work on building a new 24-unit apartment complex aimed at providing affordable housing for renters at 621 E. M.L. King Blvd.. With a construction cost hovering around $2 million, this project is a testament to the growing demand for quality residences in the area.

And that’s not all! A couple of years back, a stylish new $2 million three-level building was unveiled nearby at 401 E. M.L. King, offering up a whopping 12,000 square feet of space for various businesses and services. There’s clearly a wave of excitement rolling through this corridor.

Additionally, if you’re looking for something mimicking college life, the Douglas Heights student housing complex, which cost around $41 million, opened its doors back in 2016. This seven-story building is just off M.L. King Boulevard, further underscoring the area’s appeal for students and young professionals alike.

A Bright Future Ahead

The mixed-use property at 328 E. M.L. King Boulevard stands as a great investment opportunity amid this flourishing area. Whether you’re considering it for residential purposes, retail, or a combination of both, the possibilities here are enticing!

This may just be the perfect moment to dive into a promising market that has so much going on. Interested parties, feel free to reach out to Nate Card from Exit Realty for more information and to explore this exciting opportunity further. Whether you’re looking to invest or want to find a new space for your business, the adventures in Chattanooga are just beginning!

So, mark your calendars and keep your eyes peeled – with the buzzing vibes and exciting opportunities, Chattanooga is a place you’ll want to watch! 🌟