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2642 Broad St, Chattanooga, TN, 37408

$850,000

0.41 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #1500546
Lot Size0.41 Acres
StatusActive

About 2642 Broad St

Seize the opportunity to own a piece of the dynamic and rapidly transforming Broad Street in Chattanooga, TN. This 0.41-acre vacant parcel is perfectly positioned between Broad Street and Cowart Street, offering nearly 100 feet of frontage along bustling Broad Street. The front of the lot is zoned UGC and R3 in the back half. Situated across from one of Chattanooga's largest vacant industrial areas. A game-changing development is on the horizon, with the City recently approving a new baseball stadium for this 100+ acre site, serving as the catalyst for $1 BILLION in new investments. The neighboring parcel to the south features charming, historic brick buildings at the corner of W 27th Street, while the parcel to the north is also vacant. With potential for a basement or below-grade parking, this lot offers versatile development options. Located in the Southside Gardens area, this neighborhood is primed for redevelopment, with local developers planning new single-family and multifamily homes on nearby vacant lots. It is also located in the Opportunity Zone. A new Publix just a mile south has already sparked growth along the S. Broad corridor, with a Food City also opening a mile north. The location provides excellent connectivity with easy access to Hwy 27 and I-24, where recent updates to the I-24 exits, including Broad Street, accommodate the growing traffic. This ensures smooth access for interstate travelers, nearby neighborhoods like St. Elmo, and downtown Chattanooga. The property is also near the River Walk's Chestnut Street Trailhead, major attractions like Rock City and Ruby Falls, outdoor recreation, dining, entertainment venues, and multiple interstates (I-75, I-24, I-59). Chattanooga's renowned EPB offers Gig-speed internet, and this area is part of the nation's first community-wide 25 Gig service. With endless potential for live, work, and play, 2642 Broad Street is an investment in the future.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1900

Lot Features

Lot Information:

  • Lot: Few Trees, Rectangular Lot
  • Lot Size: 0.41 Acres

Other

Directions Information:

  • Directions: If coming from Hwy 75, Get on I-24 W towards Chattanooga, Follow I-24 W to TN-58 S/Market St. Take exit 178 from I-24 W, Take W 25th St to Broad St, Turn left onto Broad St, the destination will be on your left at 2624 Broad Street Chattanooga, TN 37408.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000

Tax Information:

  • Annual Amount: $2,677
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Chattanooga, TN.

Med. Sold Price

$329.3K

Med. Price/SqFt

$199

Avg. Days On Market

35

# of Sold Homes

345

2642 Broad St vs Chattanooga

60 DAYS ON ROCKET

+25 Days

$850,000

+$520.6K More

KEY TAKEAWAY

This property is $520.6K more than the Median Sold Price in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1500546

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1900

IDX 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© 2024 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: 11/23/2024, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 13, 2011Home Sold
$83,000
Jun 06, 2001Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,677$50,080
2019$1,384$50,080
2017$1,385$50,080

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-973513
4
/10
  • Battle Academy

  • 1601 Market St

  • 0.89 miles

  • Public Magnet Grades PK-5

school-card-donut-973514
3
/10
  • Calvin Donaldson Elementary School

  • 927 W 37th St

  • 1.03 miles

  • Public Magnet Grades PK-5

school-card-donut-973515
3
/10
  • Brown Academy

  • 718 E 8th St

  • 1.61 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,395. The majority of Chattanooga, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2642 Broad St

What is the listing price of this property?

The listing price of 2642 Broad St property is $850,000.

What type of property is this?

The property 2642 Broad St is land located in Chattanooga, Tennessee, 37408.

Is this property for sale now?

Active Listing: 2642 Broad St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,677 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 13, 2011 for $83,000. (source: MLS/tax record).

How much acreage is this property?

The property 2642 Broad St is 0.41 acres.
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Rocket HomesTennesseeHamilton CountyChattanooga374082642 Broad St

This home is located at 2642 Broad St in Chattanooga, TN and zip code 37408 in the South Broad neighborhood. This home sits on a 0.41 acre lot. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $850,000.

In October 2024 more than 54 listings in Chattanooga, TN were sold above the asking price. During the same period more than 108 listings were sold at asking price, while more than 181 were sold below. In October 2024 in Chattanooga, TN there were 0.3% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $329,348, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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