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    1240 E Main St Chattanooga, TN 37408

    For Sale
    $1,350,000

    Unique development opportunity at Main & Holtzclaw in Chattanooga.

    Property size:
    1 SF
    Lot size:
    1.95 Acres

    Property Features for 1240 E Main St

    General Information

    Size
    1 SF
    Lot size
    1.95 Acres

    Source: Jeff Jennings, CCIM Agent Jeff Jennings, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Southside Development Opportunity

    This unique Southside development opportunity is located at the intersection of Main Street and Holtzclaw Avenue in Chattanooga. The UGC zoning currently allows for a two-story minimum up to a four-story maximum development, with the building to be developed on the road frontage. Conceptual layouts of the site, drafted by H&K architects, are available in the marketing package. The entire 1-acre property is above the 100-year flood. A Nashville-based developer, MiKen, will be developing Park Central Lofts just south of the subject property on Holtzclaw. This residential development will feature condos priced from $300,000 to $600,000. In addition, there will be 33,000 square feet of commercial space occupied by the Austin Hatcher Foundation, as well as 25,000 square feet more of commercial space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ModWash Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2886955
    Latitude
    35.028582

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    FAQs

    What type of property is this?
    Land - Unique development opportunity at Main & Holtzclaw in Chattanooga.
    Where is this land located?
    The property is located at 1240 E Main St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime Southside development opportunity at the intersection of Main & Holtzclaw.; - UGC zoning allows for a two to four story building development.; - Conceptual layouts from H&K architects are included.
    (423) 255-8555
    Request Owner's contact information
    1240 E Main St Chattanooga, TN 37408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 E Main St Chattanooga, TN 37408
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