30,731sf Class A Office | Downtown | 1.7 Acres on Broad Street

Office for Sale
Catylist Listing ID: 30752714
Property Subtypes: Executive Suites, Governmental, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 30,731 SF
Gross Land Area: 1.70 Acres
Sale Price: $1
Unit Price: $0 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: TVPPA
Class of Space: Class A
Usable Size (USF): 30,731 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/8/2021

Overview / Comments

For Sale | 30,731sf Class A Office | Downtown | 1.7 Acres on Broad Street

Premier property is currently occupied by TVPPA (Seller). Seller will vacate. There are four street addresses and 4 parcels that make up the property: 1206, 1210, 1216 and 1220 Broad Street. There is 30,731 SF of total developed space and 1.7 acres. This location is directly across the street from the Chattanoogan Hotel.

The well-designed 1206 office building contains 16,680 SF of Class A office space. There are large and small conference rooms, private offices, executive offices, cubicle partition spaces, breakroom, storage rooms and attractive lobby. See floor plans and the pictures attached.

The adjacent 1210 building contains 14,051 SF of which about 2,500 SF is well built out Class A offices. The remainder 11,551 SF is warehouse/flex space that includes 1 large roll up door. The ceilings in the warehouse portion are about 14 foot clear. The roof is only 2 years old - TPO type roof.

1216 and 1220 contain two parcels that make up the striped parking lot. There are approximately 101 parking spaces. The parking lot is in excellent shape having been well maintained. The parking lot constitutes 0.7 acres and the 4 parcels equal about 1.7 acres in total.

The location lends itself well to redevelopment to a hotel site, multi-level office building, large retail site and a campus type plan. Zoning allows for a 6-story building.

If you are looking for a superior property within the urban core, this is a must-see. Within walking distance is the Chattanooga Choo Choo and many restaurants and boutique hotels, the TVA headquarters building, Chattanooga Convention Center, Warehouse Row, The Edney Building and many other business and tourist related properties. Directly across the street is the Chattanoogan Hotel.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/Chattanooga City
Tax ID/APN: 033145E M 00501
Zoning: U-SH-6, 6-STORY STORY SHOPFRONT MIXED USE
Property Located Between: Broad and W 13th Street
Property Visibility: Excellent
Highway Access: Easy access to I-24 and 127 via MLK Blvd or via South Broad St.
Airports: Chattanooga Metropoliatan
Site Description: The site is level and at street grade. It is directly across the street from the Chattanoogan Hotel.
Area Description: Located within the downtown urban core, cose to Chattanoogan Hotel, TVA, Chattanooga Choo Choo and Marriott Chattanooga Convention Center.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 30,731 SF
Year Built: 1910
Year Renovated: 2001
Construction/Siding: Block
Exterior Description: Very attractive masonry
Parking Ratio: 3.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Has a striped and number parking lot. About 101 spaces.
Total Parking Spaces: 101
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Interior Description: See floor plans
Zoning Description: See form code based rules-City of Chattanooga. U-SH-6, Allows 6 story/75 foot tall building. Shopfront Mixed Use Zone. Setbacks are 10' from main and side streets. No set back on rear line.
Lot Frontage: 330
Lot Depth: 163
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities
Land Ownership: Owned - 4 Parcels 1206, 1210, 1216 & 1220 Broad St.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,167 54,855 125,471
Median Age: 30.11 33.63 36.57
Households: 3,729 21,623 51,921

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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