Current Use by Public Records
- The Turnbull Building / Hotel & Motel / Resort
Property Details for 1401 Fort St
- Year built
- 1924
- Lot size
- 0.15 lot acres
- Property type
- Specialty properties
- Property subtype
- Wedding venues
Description
The Turnbull Building, a stunning 29,800 square foot mixed-use property in Chattanooga, Tennessee, presents a unique investment opportunity. Originally constructed in 1924 and extensively renovated in 2017, this four-story building boasts a blend of historic charm and modern functionality. The first and second floors offer versatile office and storage space, ideal for businesses seeking a unique and inspiring environment. The upper two floors are currently configured as an elegant wedding venue, capitalizing on the building's inherent character and prime location. The building retains its original open warehouse layout, featuring robust wooden timber and beam supports, while meeting current building codes thanks to the 2017 renovation, which included upgrades to fire sprinklers, ADA compliance, plumbing, electrical systems, and the addition of an elevator. Situated on a 0.15-acre lot in Chattanooga's Opportunity Zone, the property benefits from favorable U-CX-4 zoning and offers excellent investment incentives. Its central location, just a block from highway access and near major development areas like The Bend and the Chattanooga Riverfront, ensures high visibility and accessibility. The property includes 10 parking spaces, with ample additional parking readily available nearby. This exceptional commercial complex offers a rare opportunity to own a piece of Chattanooga's history, combining historic character with modern amenities. The asking price is $7,000,000, with a price per square foot of $234.90.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3139
- Latitude
- 35.0397
