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Property profile & analytics
OFF-MARKET Estimated value $1,385,000
Outlet malls

1607 Central Ave Chattanooga, TN 37408-2218

23,904 SF 1.28 ac lot Built 1950
Entity Owned 8-yr Hold Free & Clear
Property ID
US80-1666295
Property summary
AI-generated overview

Located in Chattanooga's vibrant Southside, 1607 Central offers 24,955 square feet of brand-new, adaptable space in a mixed-use development. This prime location, formerly the Double Cola bottling plant, is undergoing redevelopment to become a hub for shopping, dining, and working. The single-story building features eight suites, ranging from nearly 2,000 to over 5,700 contiguous square feet, with a minimum divisible space of 1,951 square feet. Each suite boasts 15-foot ceilings and is delivered as shell space, allowing for complete customization to meet tenant needs. Suites can be combined to accommodate larger requirements. Ample parking is available with 112 spaces provided in an on-site surface lot, supplemented by nearby overflow parking and street parking. The property benefits from its proximity to numerous recently opened and under-construction residential units, creating a thriving live-work-play environment. Lease terms are negotiable. The building is ideally suited for a variety of uses, including traditional office, medical office, executive office, and retail spaces. This development is situated near established and new residential developments, and popular new restaurants and breweries. The property is ready for occupancy in 2024.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1950
Total area 23,904 SF
Lot 1.28 ac (55,757 SF)
Zoning code M1
APN 146P H 015
UPID US80-1666295
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Parts Distributors Warehouse Distribution Center Logistics Company
  • 1607 CENTRAL AVENUE Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.39M
Owner & transaction history
Macro Investments LLC · 8 yrs held
Macro Investments LLC
since 2018
2 recorded transactions
2024
Price N/A
2018
$515,000
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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