Ground Floor Downtown Office Condo in Opportunity Zone

Office for Sale
Catylist Listing ID: 30475277
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building
Condo? Yes
Building Size (RSF): 5,681 SF
Gross Building Area: 45,325 SF
Gross Land Area: 0.21 Acres
Sale Price: $1,050,000
Ceiling: 16 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: The Fleetwood Building
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/20/2020

Overview / Comments

Boasting exposed timber columns, 16 ft vaulted ceilings, and tasteful finishes, this ground floor office/retail condo in the heart of the central business district is FOR SALE. Take advantage of the rare opportunity to invest in and own your space.

This beautiful brick and wood building is more than 100 years old and originally housed the Shubert Theater, which was where Woodrow Wilson spoke in 1910 before becoming president. Later, the building was owned by the Bennet-Hubbard Candy Company, where products such as chocolate-covered marshmallows and peanut butter were made.

The other end of the block was known for the Fleetwood Coffee Company, where coffee was roasted, packaged, and distributed in the facility. The 'Fleetwood Building' as it is now called underwent a $10 million dollar makeover and is now one of the most sought after locations in Chattanooga.

The Fleetwood is within walking distance to Warehouse Row, downtown buildings, Miller Plaza, City Hall, and UTC. This building is mixed-use, with 31 sleek studio, one bedroom, and two bedroom apartments on the top 3 floors.
Retail and office space fill the first and second floors.

The Austin Hatcher Foundation for Pediatric Cancer is selling this condo because they have outgrown it, and are moving a few blocks away to their new location. Call or text to set up a private showing today (423) 290-2141.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Central Business District
Tax ID/APN: 002 C306
Is Condo?: Yes
Property Located Between: Warehouse Row and The Times Free Press
Property Visibility: Excellent
Highway Access: Hwy 27 and I 75
Airports: CHA
Site Description: Flat, Paved, Corner lot
Area Description: Central Business District, Downtown, Urban, Historic Chattanooga
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1902
Year Renovated: 2016
Roof Type: Barrel Shell
Construction/Siding: Brick
Exterior Description: Brick, Historical
Parking Type: Structure, Surface
Total Parking Spaces: 13
Passenger Elevators: 4
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Interior Description: Fully finished open and enclosed office space, kitchen, storage, restrooms, lobby, copy room, conference room

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,167 56,286 128,113
Median Age: 30.11 33.85 36.56
Households: 3,729 22,470 53,049

Contact

Photograph of Listing Agent

Natalie Hostetler

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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