Prime Downtown Office/Retail for Lease - Prominent Signage Available

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30658659
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 5,102 SF
Gross Building Area: See Agent
Lease Rate: $21 PSF (Annual)
Base Monthly Rent: $8,928
Lease Types: Net Lease, NNN
In Opportunity Zone? Yes
Building Name: Maclellan
Last Updated: 7/27/2021

Overview / Comments

We're pleased to offer for lease this ground level space of approximately 5,102± SF which is perfectly suited for a high-visibility office or retail user. Most recently a bank branch, the space offers a plug and play opportunity for another bank or financial services business, with build to suit options available. Plus, there is potential for prominent building signage.

Built in 1924 in the heart of downtown Chattanooga, the Maclellan building has long been the city's most iconic structure. This landmark property has been revitalized into the premier mixed-used development with 85 well-appointed apartments and prime, street level office or retail space.

This property is situated within walking distance from many of downtown Chattanooga's best known attractions including the historic Tivoli Theatre, which is right next door, the Tennessee Aquarium, the Chattanooga Lookouts (AA Affiliate of the Minnesota Twins), the Hunter Museum of American Art, the Creative Discovery Museum, the IMAX 3D Theater, and the High Point Climbing Gym.

The immediate area includes numerous hotels, restaurants, residential units (apartments, condos, townhomes), and office buildings including the headquarters of two of the area's largest employers–-Blue Cross Blue Shield of Tennessee and Unum.

*Tenant to verify square footage.*

Expand All Available Space

Suite: 1 5,102 SF $21 PSF (Annual) Net Lease,NNN
Level/Floor: Ground
Space Available: 5,102 SF
Lease Rate: $21 PSF (Annual)
$8,928 (Monthly)
Lease Type: Net Lease,NNN
Space Description: Currently laid out for and occupied by a bank, with teller windows, private offices, a conference room, and a breakroom in the mezzanine area.
Date Available: 10/16/2020
Space Type: Relet
Kitchen Yes

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145C BA 005
Zoning: D-CX-12
Retail Clientele: General, Business, Tourist
Property Located Between: On Broad between 7th and 8th Street
Property Visibility: Excellent
Largest Nearby Street: Broad Street
Feet of Frontage: 123
Highway Access: Highway 27 and I-24
Airports: Chattanooga - Lovell Field
Area Description: Centrally located in the heart of downtown Chattanooga. Immediate area includes hotels, offices, restaurants, and residential units.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 12
Property Condition: Good
Year Built: 1924
Year Renovated: 2016
Roof Type: Mansard
Parking Type: Surface
Zoning Description: Downtown core, commercial mixed use
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Chestnut St N/R Pt Lts 52& 54 Origi Nal Town

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 50,399 126,400
Median Age: 32.04 33.81 36.74
Households: 3,804 20,236 52,528


Photograph of Listing Agent

Andrew D Holt

Healy & Company, LLC Greater Chattanooga REALTORS® Member
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