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Cameron Patton/Robert E Lee Hotel 300 S Cedar Ave

9,061 SF Retail Building South Pittsburg, TN 37380 $535,000 ($59/SF)

Investment Highlights

  • On main street through town - corner of S Cedar and 3rd St
  • Main level storefronts and rear parking lot
  • Old Hotel with tons of potential

Executive Summary

Built circa 1900, this 3-story all brick building was originally known as the Cameron-Patton Hotel and then the Robert E. Lee Hotel. After a restaurant fire on the back side in the early 1990’s, the owner has utilized the main level for retail having 3 local storefront shops, while the upper two levels have remained mostly untouched and will require restoration. Located on a main thoroughfare on a corner lot in the town of South Pittsburg, TN approximately 30 minutes from Chattanooga. The building has a rear parking lot with access with room for about 10 cars and off-street parking on surrounding streets. Zoned C-3 (Central Business District), the property could be used for a variety of purposes and has so much potential due to the location and history. Would make a quaint boutique hotel or keep the retail space on the main level and add apartments on the upper two levels. Property is being sold As-Is. Tenants are month to month. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,061 SF
Year Built
1900
Price
$535,000
Price Per SF
$59
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.99
Land Acres
0.21 AC
Opportunity Zone
Yes
Zoning
C-3 - C-3 Central Business District. See Zoning info in pictures.
Parking
10 Spaces (1.1 Spaces per 1,000 SF Leased)
Frontage
67 FT on S Cedar Ave

Amenities

  • Security System
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
142O-A-022.00
Land Assessment
$11,360
Improvements Assessment
$27,960
Total Assessment
$39,320
  • Listing ID: 31550302

  • Date on Market: 4/18/2024

  • Last Updated:

  • Address: 300 S Cedar Ave, South Pittsburg, TN 37380

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