Catylist ID: #11893043
429 Broad Street (aka:430 Chestnut St) w/PARKING LOT!
Office for SaleAlso listed as Retail-Commercial, Multi-Family
|Catylist Listing ID:||11893043|
|Property Subtypes:||Governmental, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other|
|Building Size (RSF):||20,000 SF|
|Gross Building Area:||25,000 SF|
|Unit Price:||$230 PSF|
|Property Use Type:||Investment, Vacant/Owner-User, Business|
|Building Name:||430 Chestnut/429 Broad|
|Class of Space:||Class A|
|Sale Terms:||Cash to Seller, Owner Financing, Sale/Leaseback, Other|
Overview / Comments
The Moon Pie General Store and Old Time Soda Fountain is first floor retail tenant while rest of building is currently office use. Building is currently 100% occupied; one full floor is occupied by current owner and owner will remain for up to one year or move out early if new owner wishes to use as owner/occupied or lease to a new tenant. Zoned downtown C-3 (zoned for live/work option) for office/retail/live-in/apartment/condo and work place mix option. Could create a mixed use of Hospitality lodging/apartment/lofts/retail/office within building.
Owner occupied floor is currently configured for a multitude of uses... could be used for offices, education classrooms, executive suites, open collaborative workspaces, or split for apartments or hospitality. Seller is currently willing to guarantee rents at 100% occupancy for up to 1 year after sale.
This 4 Story BUILDING is ca.1900 consisting of 20,000+/-sf (5,000+/-sf per floor) plus another 5,000+/-SF of basement storage with multiple tenant storage cages. Property also includes the adjoining 25 space PARKING LOT (just repaved in 2016).
Located in fantastic area of downtown... amenities within a block are movie theatre, retail, grocery, entertainment, fitness clubs, hotels, restaurants, banks, parking, downtown financial center, and freeway exit/entrance. Other nearby are Bell South Ball Park, Discovery Museum, Carmike Theatre, and TN Aquarium.
PARKING: Includes adjoining 25 space parking lot!
Disclosure: Owner/agent (agent is equity partner). Please call your agent for a showing or more information or, if no agent, you may call 423-605-9418. Please do not disturb tenants.
|Tenant Business Name||WCA|
|Industry Type||Finance and Insurance|
|Tenant Notes||Certified Public Accountant|
|Tenant Business Name||Goodhew|
|Industry Type||Retail Trade|
|Tenant Notes||Corporate offices|
|Tenant Business Name||Alma Properties|
|Industry Type||Real Estate and Rental and Leasing|
|Tenant Notes||Real Estate Investments|
|Tenant Business Name||Solution 7|
|Tenant Business Name||Moon Pie General Store|
|Industry Type||Retail Trade|
|Tenant Notes||Moon Pie brand flagship retail/soda fountain/tourist souvenir shop.|
|Taxing Authority:||Hamilton County, Tennessee; City of Chattanooga|
|Tax ID/APN:||135NC A 005|
|Zoning:||C-3; AND THE NEW FORM BASED ZONING ALLOWS FOR LIVE-WORK ENVIRONMENT.|
|Property Located Between:||4th and 5th; Chestnut and Broad|
|Side of Street:||West|
|Transportation:||Bus, Shuttle, Highway, Other|
|Highway Access:||Freeway access is a block away.|
|Airports:||CHA Chattanooga, TN|
|Site Description:||BUILDING has 50 feet of frontage on Broad Street while the PARKING LOT has 60 feet of frontage on Chestnut Street. Located in heart of vibrant downtown and along free shuttle route. Easy on/off freeway exit at 4th Sreet.|
|Area Description:||Prime Downtown. Located in middle of it all; Free downtown shuttle/ parking/ office/ financial/ entertainment/ restaurant/ banking/ lodging/ retail/ tourist district all within walkable 1-2 blocks! Easy freeway access!|
|Total Number of Buildings:||1|
|Number of Stories:||4|
|Typical SF / Floor:||5,000 SF|
|Exterior Description:||Brick with some stucco style accents.|
|Parking Description:||25 spaces.|
|Total Parking Spaces:||25|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System, Package Unit|
|Internet Access:||Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup, Other|
|Interior Description:||Historic charm. Brick and original hardwoods ca. 1900 in several suites. Renovated and updated to modern use in 1998.|
|Zoning Description:||C-3 (downtown commercial/retail/condo/apartment/hospitality, also allows for live-work).|
|Lot Frontage:||50-60 Irr|
|Land Ownership:||Fee Simple|
|Proximity:||1 mile||3 miles||5 miles|
Sandy S AllisonFidelity Trust Company GCAR CMLS Member
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