REDUCED 46280 SF WAREHOUSE SOUTHSIDE HOLTZCLAW DEVELOPMENT OPPORTUNITY

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30535827
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 46,280 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $1,795,000
Unit Price: $38.79 PSF
Ceiling: 16 ft.
Docks/Doors: 1 Dock
Property Use Type: Vacant/Owner-User
Building Name: Mid South Mattress Factory
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2019

Overview / Comments

Redevelopment opportunity in Chattanooga's fastest growing area. This historic warehouse on 1.5 acres is located between Southside District and Highland Park at the corner of 13th and Holtzclaw.

Sitting on 1.5 acres that equates to 150 parking spots this is a rare find for the area. Property includes 1257 and 1253 E 13h Street are included.

Historical architectural elements including brick walls, original hardwood floors, and massive timber beams have been preserved. Large original windows flood the space natural light. Ceiling of 11'-16" heights enhance historical space.

This property is one of the last remaining development opportunities on Holtzclaw and Main. StoveWorks, an artist in residence community and gallery is quickly being developed adjacent to this property. The future Lucey Boiler development of retail, restaurants and residential is underway across the street.

At 46,282 sf development as multi-family, office, retail, restaurant/ large brewery, event venue or light industrial are possible.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton county
Tax ID/APN: 146P C 002/146P C 003/146P C 005
Zoning: M1
Property Located Between: Main and McCallie
Airports: Chattanooga Airport
Area Description: Holtzclaw is the one of the most rapidly developing areas in Chattanooga. This beautiful warehouse located just 2 blocks off Main Street between Southside and Highland Park, Holtzclaw is home to numerous new developments including Park Central Lofts, the new Lucey Boiler project, and StoveWorks, a gallery and artist in residence program.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 23,100 SF
Property Condition: Average
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Historic brick exterior with large windows
Parking Type: Other
Total Parking Spaces: 150
Sprinklers: Wet
Interior Description: Original brick walls, hardwoods, timber beams
Zoning Description: M1- (Manufacturing, intended for a wide range of intensive manufacturing uses) Area is rapidly changing to UGC for redevelopment purposes.
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Railroad

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,089 78,231 141,839
Median Age: 27.27 35.16 36.9
Households: 3,196 31,642 58,713

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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