1601 Holtzclaw Ave Chattanooga, TN 37404-4802
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Chattanooga, TNChattanooga. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.