23 W 20th St - Service FOR SALE


Chattanooga, TN 37408- Southside
$750,000 USD
423-802-5639
23 W 20th St, Chattanooga, TN for Sale
$750,000 USD
Service - FOR SALE
1/5
null | Request Cap Rate

23 W 20th St
Chattanooga, TN 37408
Southside


HIGHLIGHTS

  • Established auto shop location with long operational history
  • Prime Southside address near major employers and new development
  • Seconds to I-24 and I-27 with high traffic exposure
  • Flexible zoning supporting up to 4-story mixed-use development
  • Adjacent parcel available for expanded site plan or assembly
  • Surrounded by major auto dealerships and Enterprise Rent-A-Car

OVERVIEW

23 W 20th Street presents a prime commercial asset in the fast-growing Southside district of Downtown Chattanooga, strategically located within a federally designated Opportunity Zone. Currently operating as a long-running auto repair facility, the property suits both an owner-user seeking immediate functionality and a developer targeting high-demand mixed-use redevelopment. Just seconds from I-24 and I-27, the site offers exceptional visibility, strong traffic counts, and seamless access to Downtown, the Southside, and Chattanooga’s major automotive corridor. The property is surrounded by anchor dealerships including Mountain View Ford, Nissan, and Chevrolet, with Enterprise Rent-A-Car only two blocks away — ideal for auto-related operations or service businesses supporting nearby retailers and fleets. Flexible zoning permits up to 4 stories of vertical development, and an adjacent parcel is available, enabling larger-scale commercial, mixed-use, or redevelopment projects. Its location near the transformative South Broad District and new Lookouts Stadium development further enhances long-term value and demand. Positioned in an Opportunity Zone with outstanding access and redevelopment upside, this property offers a compelling blend of current utility, tax-advantaged investment potential, and strategic growth positioning. Investment highlights Established auto shop location with long operational history Prime Southside address near major employers and new development Seconds to I-24 and I-27 with high traffic exposure Flexible zoning supporting up to 4-story mixed-use development Adjacent parcel available for expanded site plan or assembly Surrounded by major auto dealerships and Enterprise Rent-A-Car Close to the new Chattanooga Lookouts Stadium redevelopment Ideal for owner-users, auto businesses, investors, or urban developers

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,326

ZONING

M1

APN/PARCEL ID

145M-A-016

ASK ABOUT THIS PROPERTY

Bobby Ankar, CCIMReal Estate Partners Chattanooga, LLCMore Info
423-802-5639

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Bobby Ankar, CCIMReal Estate Partners Chattanooga, LLCMore Info
423-802-5639

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