300 Cedar Ave South Pittsburg, TN 37380-1306

Property Details for 300 Cedar Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 lot acres

Property size

9,125 SF

Property type

Retail space

APN

058142O A 02200

APU

058142OA02200

Description

This exceptional mixed-use property, located at 300 S Cedar Ave in South Pittsburg, Tennessee, presents a unique investment opportunity. Originally constructed circa 1900, this three-story brick building boasts a rich history, having served as both the Cameron-Patton Hotel and the Robert E. Lee Hotel. While a restaurant fire in the early 1990s impacted the rear of the building, the main level currently houses three thriving local storefront businesses under a gross lease agreement with month-to-month tenancies. The upper two floors remain largely undeveloped, offering significant potential for expansion and redevelopment. Situated on a 0.21-acre corner lot in a high-traffic area, this 9,061 square foot building (3,511 square feet net rentable) offers approximately 10 parking spaces in a rear lot, with additional off-street parking available nearby. Zoned C-3 (Central Business District), the property's versatility allows for a wide range of uses, including a boutique hotel, additional retail space, or residential apartments. The asking price is $535,000, translating to $59.04 per square foot. The property is being sold "As-Is," and all information is deemed reliable but not guaranteed

Location Insight

City

South Pittsburg

County

Marion

State

Tennessee

Longitude

-85.7054

Latitude

35.0122

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments