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

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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

Contact

Photograph of Listing Agent

Sandy S Allison

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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