The 701 Building

Office for Sale
Catylist Listing ID: 30642390
Property Subtypes: High-Tech, Office Building
Building Size (RSF): 20,250 SF
Sale Price: $5,500,000
Unit Price: $271.60 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: The 701 Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2020

Overview / Comments

Interested in owning a landmark building at 7th and Cherry in the heart downtown?

Make. An. Offer.

The second floor is currently occupied by Whiteboard but will be vacant as of December 1, 2020 - making this an opportunity for an owner/user with investment income.

The only other vacancy is 1,200 SF on the ground floor, formerly occupied by Brody Jewelers.

Tenants remaining are Delegator, Price Waiter, Smart Furniture, Unveiled Bridal, Carlos Jones, and CBI Knoll.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Central Business District
Property Visibility: Excellent
Number of Stories: 3
Typical SF / Floor: 6,750 SF
Year Renovated: 2015
Roof Type: Flat
Passenger Elevators: 1
Internet Access: Gigabit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 127,127
Median Age: 32.04 33.96 36.72
Households: 3,804 20,870 52,886

Contact

Photograph of Listing Agent

J. Matthew McGauley

Fidelity Trust Company Greater Chattanooga REALTORS® Member
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