44,000 SF Bldg Fronting Market/Broad Street

Office for Sale
Catylist Listing ID: 30571206
Property Subtypes: Executive Suites, Governmental, High-Tech, Medical, Office Building
Building Size (RSF): 43,188 SF
Gross Building Area: 44,808 SF
Gross Land Area: 0.57 Acres
Sale Price: $4,200,000
Unit Price: $97.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: TVA Credit Union
Class of Space: Class B
Usable Size (USF): 43,188 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/10/2020

Overview / Comments

This conveniently located 43,188 SF of rent-able office space is in the central business district and the "Opportunity Zone" of Chattanooga. The property sits between Market and Broad Street. The building can be accessed from Market Street by foot and Broad Street by car. The building has three stories. The various floors contain lobbies, private/executive offices, conference rooms and restrooms; some floors have kitchenettes and large open office areas. All floors can be accessed by elevator and stairs. The building is zoned for expansion up to 9 additional floors.

The first floor is currently used by TVA Credit Union. It has a drive-up window and 12 parking spaces and would make a great continued used as a bank.

Viewings are by appointments only. Please contact agent.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145DAA 00200
Zoning: UCX-12
Property Located Between: Broad Street and Market Street
Property Visibility: Excellent
Highway Access: Several access points to I-75, I-24 and Hwy 27.
Airports: Chattanooga Airport
Site Description: The property can be accessed by foot traffic from Market Street and by automobile from Broad Street. This three story building has 125 feet of frontage on both Broad and Market Streets with a depth of 200 feet. feet.
Area Description: The property is located in the central banking district of Chattanooga. It is surrounded by professional offices, banks, restaurants and retail.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 14,000 SF
Year Built: 1977
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: This property is .57 acres and has a three story 44,808 SF concrete building located between Market Street and Broad Street in the central business district.
Parking Type: Surface
Total Parking Spaces: 12
Passenger Elevators: 1
Interior Description: The first floor is utilized as a bank which includes a lobby, vault, drive-thru area, office space, and two restrooms. The second floor is primarily private offices and employee areas such as a kitchen area, two sets of restrooms and a conference room. The third floor is mostly private offices with a large bullpin area and restrooms.
Lot Frontage: 125
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 49,481 127,127
Median Age: 32.04 33.54 36.72
Households: 3,804 19,873 52,886

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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