Technical
Financial
Distress signals
Property profile

1800 Watkins St Chattanooga, TN 37404

OFF-MARKET
Manufacturing properties
Property ID
US80-0230680
329,717 SF 3.34 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Chattanooga property, the Coosa Mill, is a key component of the Mill Town development, a thriving urban infill community nestled in the Ridgedale and Oak Grove neighborhoods. Conveniently located just two miles from downtown Chattanooga, this multi-use building offers a unique blend of office, retail, and restaurant spaces. Currently, three spaces are available, ranging from approximately 12,000 square feet to 53,253 square feet. The building features a flexible layout suitable for executive, creative, or traditional office uses. The first floor provides approximately 6,000 to 12,000 square feet of space ideal for restaurant, office, or commercial uses. The second floor boasts approximately 53,253 square feet of office space, while the third floor offers approximately 46,968 square feet of office space, complemented by an outdoor common area patio. Ample parking is available, including both covered and surface options, catering to the needs of tenants and visitors. The property sits within a main street commercial trade area, and there's even potential for the construction of a new parking garage. This presents a rare opportunity to secure space in a vibrant, well-located building within a rapidly growing area of Chattanooga, Tennessee. The address is 1800 S Watkins St, Chattanooga, TN 37404, in Hamilton County.

Property profile

Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1920
Total area 329,717 SF
Lot 3.34 ac (145,490 SF)
Zoning code UGC
APN 156F H 017
UPID US80-0230680

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center

Location

1800 Watkins St Chattanooga, TN 37404-5348
Chattanooga metro Census 2600 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.15M

Owner & transaction history

since 2024
Last sale
$900,000
6 recorded transactions
2024
Price N/A
2021
Price N/A
2019
$900,000
2019
Price N/A
2017
$67,767
1969
Price N/A

Zoning & alternative use

UGC · Chattanooga, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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