20,400 SF Office Building | Riverfront Pkwy 1012 Riverfront Pkwy 20,400 SF Office Building Chattanooga, TN 37402 $5,500,000 ($269.61/SF)

Rare opportunity to acquire a 20,400 SF former headquarters building situated on 2.24 acres along highly visible Riverfront Parkway in Chattanooga. Recently vacated in February 2026 following the completion of a new adjacent facility, the property offers a unique combination of institutional-quality construction, functional layout, and abundant parking.
Originally designed for financial operations, the building features a well-structured floorplan that includes a spacious 4,000 SF lobby, 9 private offices, 2 secretary/waiting areas, 2 conference rooms, a large boardroom, bookkeeping office, supply room, mechanical room, and an employee lounge with kitchen. The property also includes a large poured concrete vault, ideal for secure storage or specialty use. Additionally, the building is equipped with four sets of restrooms, one located in each corner, providing convenient access throughout and supporting efficient reconfiguration.
The spacious main lobby features soaring ceilings and a generous open area formerly utilized for teller operations, offering excellent potential for reception, collaborative workspace, or conversion to a modern open-concept layout. With non-load-bearing interior walls, the building can be efficiently adapted to suit a wide range of professional or medical uses.
Because the property will not be sold to a financial institution, it presents a compelling opportunity for a new owner to fully reimagine and reconfigure the space. The existing infrastructure supports conversion to medical office layouts (exam rooms, patient flow corridors), dental or specialty practices, open-plan professional offices, or multi-department user configurations. The distributed restrooms, multiple functional areas, and strong parking ratio also allow for potential multi-tenant or phased occupancy scenarios, depending on user needs.
The property is zoned I-H (Heavy Industrial), allowing for a broad range of commercial and institutional uses (subject to buyer verification), further enhancing its flexibility for redevelopment or adaptive reuse within its intended use profile.
Positioned along one of Chattanooga’s primary corridors, the property benefits from strong visibility (±8,951 vehicles per day) and proximity to downtown, the Tennessee Riverwalk, and major redevelopment activity, including the nearby The Bend Chattanooga—a transformative riverfront project with an estimated $8 billion in planned investment bringing residential, office, and entertainment components to the area.
The property is particularly well-suited for medical office users, dental groups, or professional office occupants seeking a centralized, highly accessible location with strong infrastructure already in place, as well as investors pursuing a value-add repositioning opportunity in a rapidly evolving corridor.