Catylist ID:
#28747007
DnTn Corner, Full floor. Signage opportunity.
Office
for Lease
Also listed as Retail-Commercial
| Catylist Listing ID: | 28747007 |
| Property Subtypes: | Executive Suites, Coworking, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other |
| Contiguous Space: | 6,720 - 13,440 SF |
| Total Available: | 6,720 SF |
| Building Size (RSF): | 6,720 SF |
| Gross Building Area: | 13,440 SF |
| Lease Rate: |
$16 - 18 PSF (Annual) |
| Base Monthly Rent: | $8,960 - 10,080 |
| Lease Types: | Net Lease, Other |
| In Opportunity Zone? | Yes |
| Building Name: | Johnson Group building |
| Class of Space: | Class B |
| Last Updated: | 4/22/2022 |
Overview / Comments
|
LEASE opportunity downtown! Excellent corner signalized location with high visibility! In downtown Opportunity Zone. Signage exposure. (SALE considered… Building may be eligible for other tax or historic credits being built ca. 1920) 1st floor has high ceilings fronting corner of Market Street and 5th Street! 2nd floor is currently configured as office use with multiple private window offices and open work areas… Possible addition of roof deck. Skylight could be added for additional natural light. Rare opportunity for highly visible corner location. Best of all worlds... In middle of office/financial district, tourist/entertainment, high end residential, museum, restaurants, hotels… Popular area for restaurants with several hotels within a block of site. Monthly parking lots on Three sides of building, also meter street parking. Tall ceilings. Ideal for office, retail or restaurant... Museum, tourist, Etc... Current use is office. Sprinklered space. Solar panels array on roof. Note: Agent is owner/agent (equity holder in property). Sale considered for investor or owner/user - or could be nice apartment/condo conversion utilizing potential Opportunity Zone benefits! |
Expand All Available Space
| Suite: 436 Market Street, 2nd Floor | 6,720 SF | $16 - 18 PSF (Annual) Net Lease,Other |
| Level/Floor: | 2nd Floor | |
| Space Available: | 6,720 SF | |
| Max Contiguous: | 13,440 SF | |
| Lease Rate: |
$16 - 18 PSF (Annual) $8,960 - 10,080 (Monthly) |
|
| Lease Type: | Net Lease,Other | |
| Space Description: | Corner (signalized) Frontage on Market Street! Signage opportunity!
Rare opportunity for dntn corner building exposure. Located on the primary dntn traffic artery at highly visible location at corner of Market & 5th - in middle of it all and surrounded by parking, banks, financial services, tourist/entertainment, near work-out facilities (Sports Barn and YMCA), high end residential, restaurants, hotels... One block from downtown free Shuttle stop. Easy freeway access. Some parking currently available in adjoining lot and in multiple additional monthly, daily, and hourly parking within block. Multi year primary (not as sublease) lease available direct with landlord. 3-5 years with renewal options. Existing multiple private window offices, conference, open work areas, 2 restrooms, multi-zone HVAC. Potential for roof deck. 2nd Floor has separate double door ground level entry from 5th Street (built on hill) and from the rear parking area. Possible creation of additional entry direct from Market Street frontage with addition of stairs. Break room may be added depending on need and term. Multiple monthly parking lots on each side of building. Highly visible location, signage available. Purchase possible - opportunity zone OZ. Possible to convert 2nd floor to condos or apartments and add a rooftop deck overlooking city. |
|
| Space Subcategory: | Office Building, Office Showroom | |
| Date Available: | 3/1/2021 | |
| Lease Term: | 36 Months | |
| Space Type: | Relet | |
| Sublease Expiration Date: | 12/31/2024 | |
| Rent Escalators Description | Annual 3% | |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Submarket Type: | Central Business District |
| Taxing Authority: | City/County |
| Tax ID/APN: | 135MD F 007 |
| Zoning: | ZONING MAP SHOWS D-SH-8 (ALSO IN OPPORTUNITY ZONE IN DOWNTOWN COMMERCIAL |
| Market Type: | Medium |
| Property Located Between: | Downtown Chattanooga! Corner of Market Street and 5th Street |
| Side of Street: | East |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Transportation: | Bus, Shuttle |
| Highway Access: | Freeway access is only 3 blocks away. Easy access. |
| Airports: | Chattanooga Metropolitan |
| Site Description: | Great corner building with high visibility. Signage opportunity. Office, retail/restaurant, showroom, museum, Tall ceiling. Hold be renovated for apartments/condos. |
| Area Description: | Downtown Chattanooga, Tennessee. Central Business District, residential, tourist, restaurant ant, local trade... Site is the middle of it all! |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 6,620 SF |
| Year Built: | 1920 |
| Year Renovated: | 2015 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Corner site, brick construction. 2 story building. |
| Parking Type: | Surface |
| Parking Description: | Leased adjoining surface parking lot to rear currently services building. Other monthly parking lots by others within one block. |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System, Package Unit |
| Internet Access: | Gigabit, Fiber Optic, Other |
| Interior Description: | Built out for office use. Mostly open interior space with window offices. Two restrooms per floor. Sprinklered. |
| Zoning Description: | Opportunity Zone. D-SH-8. Downtown shopfront mixed use Zone (8 stories max)... allows for a multitude of uses including live/work, retail, office, restaurant, theatre, tourist. Possible renovation to apartments/condos. |
| Lot Frontage: | 60 |
| Lot Depth: | 123 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,174 | 50,498 | 128,103 |
| Median Age: | 32.04 | 33.97 | 37.12 |
| Households: | 3,804 | 20,292 | 53,376 |
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