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.
|
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 |
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 |
|
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