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    1601 Holtzclaw Ave Chattanooga, TN 37404

    Sponsored
    For Lease
    $16 SF/Yr

    Chattanooga Office Building, Flexible Suites

    Lot size:
    90,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 90,000 square foot office building, located at 1601 S Holtzclaw Ave in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1948 and extensively renovated in 2019, this Class B property offers a variety of spaces, ranging from 1,212 to 23,940 contiguous square feet, with a total of 57,330 square feet currently vacant. The single-story building sits on a 6.75-acre lot and features 173 parking spaces, providing ample convenience for tenants and visitors. The property is zoned UGC and is ideally situated within Hamilton County (zip code 37404), offering excellent highway access and proximity to the vibrant Southside neighborhood, Sculpture Fields park, and a burgeoning arts and culinary district. The building's adaptable spaces cater to various needs, including medical, creative, and traditional office uses. Potential tenants will benefit from exterior windows, storefront doors, and a loading dock. The landlord offers flexibility on tenant improvements, with pricing based on a "cold vanilla box" delivery, and NNN costs are estimated at approximately $5.35 per square foot. On-site amenities will include a courtyard and a fitness center. This property is part of a historic textile mill reuse project, already home to established businesses such as Clearstory Arts Studios, Austin Hatcher Foundation, and the Public Education Foundation, ensuring a strong daytime population.

    Property Features for 1601 Holtzclaw Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,000 SF
    Class
    B
    Total Rate
    120000

    Building Details

    Year Built/Renovated
    1948/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 117
    Size
    1,585 SF
    Rate per SF
    $20
    Space
    Available space
    Size
    16,450 SF
    Rate per SF
    $18
    Space
    Floor 1, Suite 200
    Size
    23,940 SF
    Rate per SF
    $20
    Space
    Suite 100
    Size
    8,968 SF
    Rate per SF
    $18
    Space
    Suite 1663
    Size
    4,850 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -85.2898675
    Latitude
    35.0276471

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    FAQs

    What type of property is this?
    Office space - Chattanooga Office Building, Flexible Suites
    Where is this office space located?
    The property is located at 1601 Holtzclaw Ave Chattanooga, TN.
    What is the lease rate?
    The lease rate is $18-$20 SF/Yr.
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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
    1601 Holtzclaw Ave Chattanooga, TN 37404
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