429 Market Street, Downtown Office Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30358889
Property Subtypes: Convenience Store, Garden Center, Mixed Use, Movie Theatre, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Sale Price: $1,555,000
Unit Price: $222.14 PSF
Ceiling: 22 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/2/2020

Overview / Comments

This completely open space is ready for it's next tenant, and the location is prime. The developer will build to suit or work with the tenant's team to complete the buildout. The space will perfectly suit a restaurant, retail store, or office, and has surface parking included.

Directly beside Jack's Alley and less than one mile from the Aquarium, downtown hotels, I-75, and UTC. Immediate area includes numerous hotels, restaurants, residential units (apartments, condos, townhomes), and office buildings including the headquarters of two of the area's largest employers–Blue Cross Blue Shield of Tennessee (4,800 employees) and Unum (2,800 employees).

Additionally, this property is located approximately 1/3 of a mile from the Riverfront which plays host to a number of annual events including the Riverbend Music Festival, Head of the Hooch Regatta, and the Southern Brewers Festival.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033135MDA 00700P000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: 4th Street and 5th Street
Property Visibility: Excellent
Largest Nearby Street: Market
Feet of Frontage: 33
Traffic/Vehicle Count: 20,000
Property Condition: Good
Year Built: 1913
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 14
Parking Type: Surface
Sprinklers: Dry
Water Service: Municipal
Sewer Type: Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 48,763 128,103
Median Age: 32.04 33.81 37.12
Households: 3,804 19,658 53,376


Photograph of Listing Agent

Natalie Hostetler

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Kelly Fitzgerald

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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