1542 Dodds Ave, Chattanooga, TN 37404
10,745 SF | 100% Leased | Retail Building | Chattanooga, TN 37404 | $1,500,000 ($140/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,500,000
- Property Type
-
Retail
- Square Feet
- 10,745 SF
- Price / Square Foot
- $140
Listing Contacts
Anne Najjar
Verified Profile
- Property Info
Property Overview
This prime investment opportunity in Chattanooga offers exceptional connectivity, strategically located near major employers such as UNUM, BCBS of TN, McKee Foods, Amazon, Volkswagen, Kenco, TVA, Erlanger Health System, and US Express. The property, situated on a 0.75-acre lot with convenient parking and the option to acquire adjacent parcels at 1526 and 1530 Dodds Ave to add an additional acre, provides a significant development potential. Near direct access to I-24 and I-75, it is ideal for a diverse workforce and students of the University of Tennessee Chattanooga. Known as the "Scenic City," Chattanooga boasts a lower cost of living compared to similarly sized cities and various tax incentives like the Payment in Lieu of Taxes (PILOT) program, which promotes affordable housing development.
The city is renowned for its vibrant events such as the Moon River Music Festival, Chattanooga Ironman 70.3, Head of the Hooch, Half Ironman of Chattanooga, and Wine Over Water. Additionally, the property is close to Chattanooga's expanding Southside district and downtown hotspots including trendy restaurants, the Riverfront, and the historic art district with an extensive greenway system and constructed riverwalk. With sustainability as a key focus, Chattanooga also offers the largest citywide 10-gigabit-speed internet network.
Adjacent to the transformative $120 million "Mill Town" development, this area is set for significant growth. The property offers value-add potential, suitable for residential developments, coworking spaces, event venues, educational institutions, wellness centers, or art studios. The recent announcement of a nearby gated community with micro-homes and UTC's housing shortage for 2024-2025 further enhance the investment potential. These factors, combined with an opportunity for development synergy with nearby projects, make this property an attractive and strategic investment opportunity in one of the nation’s most promising markets. Contact us today to learn more and schedule a viewing.
FULL OFFERING MEMORANDUM UPON REQUEST
The city is renowned for its vibrant events such as the Moon River Music Festival, Chattanooga Ironman 70.3, Head of the Hooch, Half Ironman of Chattanooga, and Wine Over Water. Additionally, the property is close to Chattanooga's expanding Southside district and downtown hotspots including trendy restaurants, the Riverfront, and the historic art district with an extensive greenway system and constructed riverwalk. With sustainability as a key focus, Chattanooga also offers the largest citywide 10-gigabit-speed internet network.
Adjacent to the transformative $120 million "Mill Town" development, this area is set for significant growth. The property offers value-add potential, suitable for residential developments, coworking spaces, event venues, educational institutions, wellness centers, or art studios. The recent announcement of a nearby gated community with micro-homes and UTC's housing shortage for 2024-2025 further enhance the investment potential. These factors, combined with an opportunity for development synergy with nearby projects, make this property an attractive and strategic investment opportunity in one of the nation’s most promising markets. Contact us today to learn more and schedule a viewing.
FULL OFFERING MEMORANDUM UPON REQUEST
Property Details
- Year Built
- 1910
- Stories
- 3
- Property Subtype
- Freestanding, Storefront Retail/Office, Storefront Retail/Residential, Loft/Creative Space
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- Prime Location: Situated in a highly accessible area with direct connections to I-24 and I-75, ideal for employees of major Chattanooga employers.
- Expansion Potential: Opportunities to acquire adjacent parcels at 1526 and 1530 Dodds Ave, adding an additional acre for development.
- Future Growth: Adjacent to the "Mill Town" development, a transformative $120 million project that includes residential and commercial spaces
- Versatile Space: Potential for various uses including residential developments, coworking spaces, event venues, educational facilities, wellness cente
- Greenway System: Close to an extensive greenway system with a riverwalk starting from downtown, meandering through the historic art district and parks
- Proximity to Attractions: Close to Chattanooga’s vibrant downtown and Southside districts, offering easy access to trendy restaurants, the Riverfront,
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