1600 Broad St 10,050 SF Retail Building Chattanooga, TN 37408 £2,904,533 (£289.01/SF)

INVESTMENT HIGHLIGHTS

  • Excellent Southside Location
  • Onsite Parking
  • Zoning allows for Mixed-Use Development up to 4 stories

EXECUTIVE SUMMARY

This is a rare development opportunity in Chattanooga’s historic Southside District. Near the intersection of Broad and Main Streets and less than a half-mile from I-24 and US-27, this site offers easy access from anywhere in the Chattanooga area. Within a half-mile radius are 40 places to get a bite to eat, from smoothie shops to some of Chattanooga’s best restaurants; 18 places to get a drink, from breweries to speakeasy’s to dive bars; 9 coffee shops or bakeries; 9 venues for live entertainment, from music to comedy to football and professional soccer; 8 museums or galleries; 7 places to shop for groceries, from specialty shops to supermarkets; 6 places to work out; 6 parks including 2 dog-friendly parks; and 3 spas; not to mention places to shop, hotels, apartments, and single-family homes with new developments frequently announced. All of which makes this site an excellent place to live, work, or both, and explains why Chattanooga’s Southside is red-hot.
With 10,050 square feet across two buildings with Broad Street frontage and onsite parking, this property provides multiple opportunities for redevelopment for restaurant, retail or office users… and ground up development opportunities for a mixed-use project up to four stories tall.
The property can accommodate approximately 35 parking spaces on the northern lot and 17 parking spaces on the southern lot.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,050 SF
Building Class
C
Year Built
1900
Price
£2,904,533
Price Per SF
£289.01
Tenancy
Single
Number of Floors
1
Building FAR
0.38
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
U-CX-4 - Urban Commercial Mixed Use under Form Based Code, limited to 4 stories
Parking
52 Spaces (5.17 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (90)

NEARBY MAJOR RETAILERS

SPENGA
CrossFit
Pinnacle Bank
Starbucks
Food City
Truist
Tupelo Honey
The YMCA
Bank of America
Charles Schwab

PROPERTY TAXES

  • Listing ID: 33351255

  • Date on Market: 30/09/2024

  • Last Updated:

  • Address: 1600 Broad St, Chattanooga, TN 37408