Southside Mill/Warehouse Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30194474
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 54,000 SF
Gross Building Area: 66,000 SF
Gross Land Area: 1.38 Acres
Sale Price: $1,600,000
Unit Price: $29.63 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: 1200 E. Main Street Mill
Usable Size (USF): 66,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2018

Overview / Comments

This 54,000 s/f one of a kind historic garment mill has gorgeous maple floors and beautiful brick walls PLUS a 12,000 s/f basement. The building is located at the corners of Main and Gulf Streets and has extensive Main Street frontage with parking at both the front and rear of the building. The ceilings are 12 ft high at the beams and 14 ft between the beams.

Located in an exciting area that is ripe for development. The 1.38 +/- acre property is located adjacent to "Sculpture Fields at Montague Park" (http://sculpturefields.org); "The Mill", a popular event space fronting on 16th Street; "The Structure Group" on 16th Street (www.johnhenrysculptor.com) and the "Wheel House" a multi-use development. All of the properties back up to the fascinating TN Valley Railroad tracks (http://www.tvrail.com/).

Across Main Street at 1155 E. Main, a local developer is filling up the Sculpture Flats - residential and commercial spaces to include a restaurant, retail, etc.

Just around the corner, the historic "TN Stove Works and Modern Maid" brick warehouse is located at 14th & Holtzclaw, and is home to a non-profit foundation that is creating a 75,000 s/f complex for retail, commercial and an artist's residency program.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County Chattanooga
Tax ID/APN: 146P-K-017
Zoning: COMMERCIAL - UGC
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Central Avenue and Holtzclaw Avenue
Property Visibility: Excellent
Largest Nearby Street: East Main Street
Feet of Frontage: 226
Highway Access: I-24
Airports: Chattanooga Metropolitan Airport
Site Description: Level property with good visibility and access to main traffic corridors.
Area Description: Exciting development opportunity in explosive southside area of Chattanooga.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 54,000 SF
Property Condition: Fair
Year Built: 1964
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Parking is available at both the front of the building on Main Street and in the rear fenced lot.
Heat Type: Natural Gas, Space Heaters
Heat Source: Central, Ceiling Units
Internet Access: Cable
Interior Description: Offices and open warehouse space.
Zoning Description: UGC - Urban General Commerical zone Alcohol permit may be applied for.
Lot Frontage: 226'
Lot Depth: 300'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: 16th Street Easement - ask agent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,633 75,576 140,670
Median Age: 27.06 34.98 36.88
Households: 2,738 30,551 58,185

Contact

Photograph of Listing Agent

Kathy Wilton

Stonecrest Properties Greater Chattanooga REALTORS® Member
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