621 Market Street

Office for Sale
Catylist Listing ID: 30179749
Property Subtypes: Executive Suites, High-Tech, Mixed Use, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 26,250 SF
Gross Building Area: See Agent
Gross Land Area: 4,792 SF
Sale Price: $1,500,000
Unit Price: $57.14 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class E
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2018

Overview / Comments

Historic 4-story building located at 621 Market Street in the heart of downtown Chattanooga. The former four-story furniture department store sits in a prime location surrounded by the explosive redevelopment growth of downtown Chattanooga. Opportunities are boundless for this building to develop into mixed use including: retail, restaurants, apartments, condos, office, rooftop bar, or a basement tavern/pub.
Building offers incredible character with high ceilings, exposed brick and stone walls, hardwood floors, and scenic views of the City. This building is four stories plus full length basement space. 25’ road frontage on both Market Street & Broad Street with a lot depth of 200’. Building has both passenger and freight elevator shafts. Parking potentially could be added in basement for smart cars depending on how the building was redeveloped via a car ramp or automobile elevator. There are also parking garages across the street with monthly rental lease opportunities.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga, Hamilton County
Tax ID/APN: 135MDC 009
Zoning: D-CX-12
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1900
Year Renovated: 1968
Construction/Siding: Brick
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 49,159 127,127
Median Age: 32.04 33.76 36.72
Households: 3,804 19,720 52,886
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