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1601 S Holtzclaw Ave 100,300 SF 49% Leased Office Building Chattanooga, TN 37404 $9,000,000 ($89.73/SF)
Investment Highlights
- Creative Office, Adaptive Re-Use Asset with Development Potential
- Free Surface Parking
- Strong Submarket Fundamentals
- Owner-User or Value-Add Opportunity
- Scarce Large-Space Availability
- Surrounded by Growth in a Prime Chattanooga Location
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
100,300 SF
Building Class
B
Year Built
1948
Price
$9,000,000
Price Per SF
$89.73
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
50,150 SF
Building FAR
0.34
Lot Size
6.81 AC
Zoning
UGC
Parking
170 Spaces (1.69 Spaces per 1,000 SF Leased)
Amenities
- High Ceilings
- Natural Light
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dyve Hair Bar is a Chattanooga-based hair salon providing services such as custom hair coloring, extensions, and styling. The company was formed in 2024, according to Tennessee business registration records, and operates as a privately held business. Its services are performed by a team of independent stylists who work from the salon’s primary location on South Holtzclaw Avenue. The salon environment is designed to offer a relaxed setting while supporting individualized hair care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste C | 16,450 SF | Office | Shell Space | Now |
| 1st Fl-Ste D | 10,670 SF | Office | Shell Space | Now |
| 1st Fl-Ste E | 23,940 SF | Office | Shell Space | Now |
| 1st Fl-Ste F | 4,850 SF | Office | Shell Space | Now |
1st Fl-Ste C
| Size |
| 16,450 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste D
| Size |
| 10,670 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste E
| Size |
| 23,940 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste F
| Size |
| 4,850 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
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Matterport 3D Tour
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Street
Map
1st Fl-Ste C
| Size | 16,450 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
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1st Fl-Ste D
| Size | 10,670 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
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1st Fl-Ste E
| Size | 23,940 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste F
| Size | 4,850 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
1 1
Property Taxes
| Parcel Number | 156A-D-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $591,000 |
Property Taxes
Parcel Number
156A-D-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$591,000
Contacts
-
Robert Johnson -
Kelly Fitzgerald -
Baker Townsend -
Peter Cullen -
SVN | Second Story Real Estate Management
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Matterport 3D Exterior
Matterport 3D Tour
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Street
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Presented by
1601 S Holtzclaw Ave
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