#1504090, Listing Office: RE/MAX Properties
$3,266
closing credit¹
842 S Germantown Rd Chattanooga, TN 37412
Property details
About 842 S Germantown Rd
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.
Highlights
Summary
- MLS Number: 1391640
- MLS Name: Greater Chattanooga REALTORS®
- Office Name: Keller Williams Realty
- Office Phone: (423) 664-1900
- Office Email: matthew.gann@kw.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$275,000
842 S Germantown Rd
$3,266
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 24, 2023 | Home Sold | $240,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $83,240 | $2,926 |
2022 | $83,240 | $2,930 |
2021 | $83,240 | $3,170 |
2020 | $73,440 | $3,170 |
History based on county public records data.
Nearby schools
3
East Ridge Elementary School
Public District PK-5
0.8 mi
•1014 John Ross Rd
2
East Lake Elementary School
Public District KG-5
1.2 mi
•3600 13th Ave
4
Chattanooga Charter School of Excellence
Public Charter KG-5
1.7 mi
•2029 E 23rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,318. The majority of Chattanooga, TN residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
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Frequently asked questions
Living in Chattanooga, TN
About 842 S Germantown Rd
This home is located at 842 S Germantown Rd in Chattanooga, TN and zip code 37412. This 3,641 square foot home, which was built in 1900, sits on a 0.47 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 9, 2024 and is currently priced at $275,000.
While more than 31 listings in Chattanooga, TN in January 2025 were sold above asking price, there were more than 66 listings sold at asking price, and more than 163 were sold below. The inventory of homes for sale in Chattanooga, TN between December and January 2025 decreased by 0.8%. The median list price of listings available in January 2025 was $330,891, while the average time on the real estate market was 54 days.