1601 S Holtzclaw Ave - Office FOR SALE


Chattanooga, TN 37404- Ridgedale-Oak Grove-Clifton Hills
$9,000,000 USD
404-313-3100
1601 S Holtzclaw Ave, Chattanooga, TN for Sale
$9,000,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

NEW


1601 S Holtzclaw Ave
Chattanooga, TN 37404
Ridgedale-Oak Grove-Clifton Hills


HIGHLIGHTS

  • Creative Office, Adaptive Re-Use Asset with Development Potential
  • Owner-User or Value-Add Opportunity
  • Free Surface Parking
  • Scarce Large-Space Availability
  • Strong Submarket Fundamentals
  • Surrounded by Growth in a Prime Chattanooga Location

OVERVIEW

SVN | Second Story is pleased to present 1601 S Holtzclaw Avenue, a ±100,300 SF adaptive-reuse commercial property situated on 6.81 acres within Chattanooga’s southside market. This historic asset consists of six building units featuring a versatile mix of creative office, commercial, and mixed-use space, and offers the rare advantage of free on-site parking. More than $5.5 million in capital improvements have been completed since 2019, including new HVAC systems, roofing upgrades, environmental remediation, and other major building enhancements. Zoned for mixed-use commercial and residential development, the property provides strong expansion potential and represents a significant opportunity for both owner-users and value-add investors. Currently ±49% occupied by a diverse tenant mix, the property includes approximately 50,000 SF of shell-condition space, offering large contiguous floorplates of ±10,000 SF and ±16,000 SF. Within an office submarket posting 95%+ occupancy, these floorplates represent an exceptional opportunity. 1601 S Holtzclaw is one of only eight buildings in the immediate area capable of accommodating requirements over 10,000 SF, and only one of these competing buildings offer free parking. Located minutes from Downtown Chattanooga, the site benefits from proximity to major employment centers, new residential and mixed-use development, and convenient access to Main Street (US 41) and I-24.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

170

LAND DETAILS

LAND ACRES

6.81 AC

LAND SF

296,644 SF

ZONING

UGC

APN/PARCEL ID

156A-D-003

ASK ABOUT THIS PROPERTY

Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

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Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.