3301 Broad St Chattanooga, TN 37408

This property comprises three tax parcels totaling 1.581 acres, situated at the southwest corner of Broad Street and 33rd Street. It offers a significant development opportunity with 250 feet of frontage on South Broad Street, as well as frontage on St. Elmo Avenue and 33rd Street. The location benefits from a traffic count of 22,822 vehicles per day. The property is considered one of the last two strategic corners available for development on Broad Street. The terminus of the new Tennessee River Walk Extension is located at the back of the property, which is expected to generate foot traffic, particularly for retail businesses such as restaurants. A local developer recently purchased 16 acres across the street and is planning a large mixed-use development. The property is adjacent to Foundry Station, Chattanooga's planned gateway mixed-use project, and one block from The River Walk Terminus at St. Elmo, which runs from Downtown to Lookout Mountain. TDOT is planning new ramps off of 1-24 that will serve the Broad Street/St. Elmo markets. The property has a depth of 265 feet on 33rd Street, and there is a new large residential development on St. Elmo within walking distance.