2401 Broad Street - Office FOR SALE


Chattanooga, TN 37408- Southside
$2,350,000 USD
423-653-2491
2401 Broad Street, Chattanooga, TN for Sale
$2,350,000 USD
Office - FOR SALE
1/52
null | Request Cap Rate

2401 Broad Street
Chattanooga, TN 37408
Southside


OVERVIEW

Growing South Broad Corridor, and Blocks from the New Erlanger Park. HIGH VISIBILITY! Averages 8,000 vehicles per day on Broad St and 114,000 vehicles per day on I-24 and Moccasin Bend! 2401 Broad is a 6,762 SF mixed-use building on one of Chattanooga's most active streets — Broad Street in the heart of the Southside. Two tenants are already in place generating income, and one suite is available for an owner-user to occupy or lease up at market rate. The building has real bones — built in 1910, A total of 28 FREE parking spaces between the lots, situated in the South Broad District. The Southside isn't speculative anymore. This is an established corridor with sustained demand, and this property sits right in the middle of it. For the right buyer, this is a straightforward proposition: move your business in, let the tenants offset your carrying costs, and hold an appreciating asset in a market that continues to attract capital. Investment highlights 6,762 SF mixed-use building Zoning: C-MU1 (Commercial Mixed-Use) South Broad TIF District 2 tenants in place | Cash flowing at closing 2 available suites | Owner-user ready or lease-up opportunity Built 1910 | Proven Southside location 28 on-site FREE parking spaces Direct access to I-24 and downtown Chattanooga

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-MU1

APN/PARCEL ID

145N-D-003

ASK ABOUT THIS PROPERTY

Lee BrockReal Estate Partners Chattanooga, LLCMore Info
423-653-2491

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Lee BrockReal Estate Partners Chattanooga, LLCMore Info
423-653-2491

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