1391 Holmes Street

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30019877
Property Subtypes: Flex Space, Office Building
Status: Pending/Contingent
Building Size (RSF): 5,350 SF
Gross Land Area: 4,356 SF
Sale Price: $250,000
Unit Price: $46.73 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: 1391 Holmes Street
Class of Space: Class C
Usable Size (USF): 5,350 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2017

Overview / Comments

5,350 square foot two story office building located at intersection of St. Elmo Avenue and Holmes Street. The 5,350 square feet size is based on Hamilton County tax records, and interested parties should make their own area calculations. 1391 Holmes Street was constructed around 1920 as a post office and was remodeled in 1990s with drywall, drop ceiling and fluorescent lighting. The building has onsite parking limited to six spaces on the adjoining strip office property, but free parking is available on St. Elmo Avenue and in the alley in front of the building. Only the two story building and not the attached office strip is included in the sale. The building has limited windowline, but windows can be added. UGC zoning allows retail, restaurant, office uses, among others.
The building could be used for a distribution use up to 5,000 sf. There is one pair of double doors with a rollup cover. The property is located within a short walk of the St. Elmo Avenue Riverwalk terminus. Nice view of Lookout Mountain if windows were added on west side.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga
Tax ID/APN: 155G B 010.01
Property Visibility: Good
Site Description: Limited onsite parking because of the small (4,356 square foot) lot.
Area Description: This building is located in the rapidly changing South Broad street area. The property is located within a short walk of the St. Elmo Avenue Riverwalk terminus.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,675 SF
Year Built: 1920
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: Stone veneer on first floor with steel siding above.
Parking Type: Surface
Parking Description: Approximately six cars can be accommodated on the adjacent property by easement rights. Two or three cars can be parked in the front alley. Generous free street parking on St. Elmo Avenue.
Total Parking Spaces: 6
Sprinklers: None
Lot Frontage: 43
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,464 46,781 115,094
Median Age: 35.06 33.73 36.31
Households: 1,038 17,871 46,826


Photograph of Listing Agent

Robert J Berghel

Broad Street Partners, LLC GCAR CMLS Member
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