2939 Cummings Hwy Chattanooga, TN 37419
This exceptional mixed-use property, located at 2939 Cummings Highway in Chattanooga, Tennessee, presents a compelling investment opportunity. The property encompasses approximately 8,000 square feet across two buildings, each two stories high, boasting 9-foot ceilings. Built in 1952, this Class B property features a blend of storefront and traditional office space, ideal for a variety of uses. The property includes a currently operating antique store and a remodeled one-bedroom, one-bathroom residential unit, offering potential rental income or live/work flexibility. Conveniently situated near the intersection of Browns Ferry Road and I-24 exit 171 (US Highway 41), this location benefits from high visibility and accessibility. Ample parking is available, with eight spaces in front and an additional 12-14 spaces in the rear. The property features side access from Cummings Highway to a rear alley. Significant improvements have been made, including a roof replacement in 2011 and a three-year-old HVAC unit. Upstairs storage is also available. The property is zoned C2 and is less than five miles from downtown Chattanooga, placing it within close proximity to the new ballpark and multi-use site off I-24. This prime location, combined with the existing income-generating potential and versatile space, makes this a truly unique investment opportunity. Asking price is $800,000.
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CC's Antiques Home Decor Store (Bike/Boat/Book/etc) Store
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Baby's Cove Gifts Clothing & Fashion Store
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United States Postal Service Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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