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North Shore Trophy Development Property 301 Frazier Ave 10,000 SF Office Building Chattanooga, TN 37405 $4,599,000 ($459.90/SF)



EXECUTIVE SUMMARY
This trophy property is being offered to the market for the 1st time in 40 years. Its 2.1 acres are a perfect candidate for Multi-Family/Mixed Use development. The property offers unparalleled access to all of North Chattanooga’s many amenities as well as gorgeous views of Downtown Chattanooga, the Walnut Street Bridge, the Tennessee River and surrounding mountains.
Additionally, the seller intends to lease the property’s three buildings back for a total of two years to allow the new owner time to concept, plan and permit any future development.
Additionally, the seller intends to lease the property’s three buildings back for a total of two years to allow the new owner time to concept, plan and permit any future development.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
10,000 SF
Building Class
C
Year Built
1985
Price
$4,599,000
Price Per SF
$459.90
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,000 SF
Zoning
M1 - Mixed Use
Parking
6 Spaces (0.6 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 135E-E-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $312,360 |
PROPERTY TAXES
Parcel Number
135E-E-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$312,360
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North Shore Trophy Development Property | 301 Frazier Ave
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