Cherokee Triangle Church or Development Opportunity
Incredible development opportunity in the highly coveted Cherokee Triangle/Highlands neighborhood. This offering includes both the historic vacant church at 1140 Cherokee Rd. (recently rezoned OTF) as well as the adjacent parking lot at 2013 Patterson Ave. (zoned C2, approx. 20 spaces).
Historic tax credits have already been approved, and transfer with the sale of the property. The current owner has detailed plans for a 26 bedroom short term rental/boutique hotel plus event space. Other ideal uses include mid or long term rentals, condos, social clubs, or office space with large meeting room capacity.
The property includes a stunning, historic, approx. 4,200 SF sanctuary space with a large, light-filled garden level that includes a kitchen, additional rooms, and large common area. The newer vintage, approx. 10,600 SF, addition is currently configured with multiple rooms on three levels. There is outdoor patio space as well as the parking lot.
Newer, flexible zoning allows for short term rentals plus myriad other uses. The excellent location, availability of tax credits, and off street parking make this a property prime for redevelopment.
Access to Deal Room:
https://connect.prgproperty.com/deal-room/265?signature=11f93653ff57e30a4f2410e9f5a1c9b1f6874c4dcbf72c0c7a06427943442142