Historic Office building in CBD for sale at 817 Broad Street

Office for Sale
Catylist Listing ID: 30629050
Property Subtypes: Office Building
Building Size (RSF): 23,545 SF
Gross Land Area: 5,886 SF
Sale Price: $2,100,000
Unit Price: $89.19 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 817 Broad Street
Class of Space: Class A
Usable Size (USF): 23,545 SF
Core Factor: 3%
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/12/2020

Overview / Comments

Four Story Building built in c. 1920 in Central Business District. Fourth Floor has exposed original brick walls and open to roof deck. Neighbors include The Read House, the Chattanooga Chamber of Commerce, the Westside District. Well-located on Broad Street.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County and City of Chattanooga
Tax ID/APN: 033145CBB 00300
Zoning: D-CX-12
Property Located Between: W 8th and MLK
Property Visibility: Excellent
Highway Access: 2 blocks
Airports: Chattanooga Municipal Airport
Site Description: Four Story Building built in c. 1920 in Central Business District. Fourth Floor has exposed original brick walls and open to roof deck. Neighbors include The Read House, the Chattanooga Chamber of Commerce, the Westside District. Well-located on Broad Street.
Area Description: Opportunity Zone. Four Story Building built in c. 1920 in Central Business District. Fourth Floor has exposed original brick walls and open to roof deck. Neighbors include The Read House, the Chattanooga Chamber of Commerce, the Westside District. Well-located on Broad Street.
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 5,886 SF
Year Built: 1920
Roof Type: Flat
Construction/Siding: Other
Exterior Description: Brick with steel and masonry
Parking Type: Other
Parking Description: Street, surface lot across the street at rates, parking deck on Chestnut at rates
Passenger Elevators: 1
Sprinklers: Wet, Other
Heat Type: Other
Heat Source: Central
Air Conditioning: Other
Internet Access: Fiber Optic
Interior Description: Street level is turn key retail bank, second and third floor are conventional office layouts, and fourth floor is open to brick and rafters. Basement is partially finished and usable for offices or other types.
Zoning Description: D-CX-12
Lot Frontage: 46
Lot Depth: 124
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private
Legal Description: Pt Lt 60 Original Town Chestnut St, 145CBB 003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,060 48,500 125,319
Median Age: 32.05 33.51 36.62
Households: 4,213 19,370 51,998

Contact

Photograph of Listing Agent

Thomas A Austin

Austin Real Estate L.L.C. Greater Chattanooga REALTORS® Member
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