Ground Floor Office Condo in Loveman's Building

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30783542
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Medical, Office Building
Condo? Yes
Building Size (RSF): 5,887 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Sale Price: $1,450,000
Ceiling: 13 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Loveman's Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
LEED Certified: Yes
Last Updated: 4/26/2022

Overview / Comments

Built in 1875 and home of the famous D.B Loveman's and Co., Chattanooga's first department store, this iconic building has been tastefully and meticulously re-developed and divided into commercial and residential condominium units. The valuable commercial units rarely change hands, and Second Story/SVN is proud to offer for sale a first floor office condo in this building. The unit is a perfect office for an owner/user, or investor seeking to own a piece of this historic landmark.

Bullpen/trading floor open layout with private offices around entire perimeter and 2 conference rooms and full kitchen and reception area.. Floorplan forthcoming.

This first floor condo faces Cherry street and includes 10 parking spaces in attached garage and has access to additional surface parking in Republic lot available directly in front of condo entrance.

Furniture can be included for a negotiated rate in addition to purchase price.

Professionally managed building, this unit is part of the Loveman's on Market Owners Association

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Submarket Type: Central Business District
Tax ID/APN: 033145DAC 00100C102
Is Condo?: Yes
Zoning: COMMERCIAL D-CX-12
Property Located Between: 8th Street and MLK
Property Visibility: Good
Highway Access: I-27 and I -24
Airports: CHA
Site Description: Flat, paved
Area Description: Core/central business district
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1875
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Structure, Surface
Parking Description: This first floor condo faces Cherry street and includes 6 parking spaces in attached garage and has access to additional surface parking in Republic lot available directly in front of condo entrance.
Passenger Elevators: 3
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, T1/T3, Gigabit, Fiber Optic
Interior Description: Newly renovated. Concrete floors, new millwork. Bullpen/trading floor open layout with private offices around entire perimeter and 2 conference rooms and full kitchen and reception area. Floorplan forthcoming.
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,060 51,216 126,046
Median Age: 32.05 33.71 36.6
Households: 4,213 20,507 52,356

Contact

Photograph of Listing Agent

Natalie Hostetler

SVN Second Story RE Management Greater Chattanooga REALTORS® Member
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