Patten Parkway: Historic Redevelopment Opportunity

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30747065
Property Subtypes: Business Park, Executive Suites, Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 34,991 SF
Gross Building Area: See Agent
Gross Land Area: 0.67 Acres
Sale Price: $5,700,000
Unit Price: $162.90 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Patten Parkway
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

Located in the heart of downtown Chattanooga, Patten Parkway was once home to the city’s first farmer’s market, the original Coca-Cola Bottling facility, and City Hall. This historic Parkway is within walking distance to The University of Tennessee Chattanooga, Miller Park, and the Central Business District. Patten Parkway has recently been revitalized with a $4.9 million dollar improvement.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145D V 02800
Zoning: U-CX-6
Property Located Between: Georgia Avenue and E Martin Luther King Boulevard
Number of Stories: 3
Year Built: 1900
Parking Type: Surface
Total Parking Spaces: 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,060 49,557 126,134
Median Age: 32.05 33.33 36.47
Households: 4,213 19,721 52,363


Photograph of Listing Agent

David F DeVaney

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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