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16 Story Redevelopment Opportunity 701 Market St 118,200 SF 100% Leased Office Building Chattanooga, TN 37402 For Sale

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INVESTMENT HIGHLIGHTS

Located in the bustling and vibrant heart of Downtown Chattanooga
Built in 1910 and renovated in 1966, the building is well positioned for a multifamily opportunity or hospitality use
Existing floorplate offers flexibility for redevelopment/multifamily conversion

Unique redevelopment/investment opportunity in Chattanooga's Central Business District
Immediate area has undergone over $100 million in renovations and development over the past five years

EXECUTIVE SUMMARY

Discover 701 Market Street in Chattanooga, a premier 16-story office building in Chattanooga featuring approximately 118,200 +/- square feet of adaptable, net rentable space. Originally designed by renowned architect R. H. Hunt in 1910 and renovated in 1966 this iconic Historic property is strategically located in the heart of Downtown Chattanooga at 7th & Broad and Market Streets, with First Horizon Bank occupying the first three floors. The upper levels (floors 4 - 16) offer flexible layouts ranging from 4,252 to 4,323 square feet, including a distinctive shell option on the 15th floor, perfect for customization. Enhanced by a leased cell tower to AT&T, 701 Market Street presents significant income potential and mixed-use development opportunities. Don’t miss this unique investment opportunity to establish a prominent presence in Chattanooga’s vibrant urban landscape!

Offering Memorandum

PROPERTY FACTS Under Contract

Sale Type

Investment

Sale Conditions

1031 Exchange

Property Type

Office

Property Subtype

Office/Residential

Building Size

118,200 SF

Building Class

Year Built

1910

Percent Leased

100%

Tenancy

Multiple

Building Height

16 Stories

Typical Floor Size

7,388 SF

Building FAR

6.78

Lot Size

0.40 AC

Opportunity Zone

Yes

Zoning

C-3 - Zoning Classification: D-CX-12, Downtown Core Commercial Mixed-Use. A variety of retail, office, and residential uses.

Bus Line

Signage

Finance and Insurance
99,999 SF
-
Jan 0000

First Horizon Corp. (NYSE: FHN), is a leading regional financial services company, dedicated to helping their clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in many states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top Most Reputable U.S. Bank.