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Property profile & analytics
OFF-MARKET
Industrial land

2101 Broad St Chattanooga, TN 37408-2512

0.13 ac lot
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US80-0824689
Property summary
AI-generated overview

This exceptional investment opportunity encompasses four parcels totaling $3,200,000, strategically located in Chattanooga, Tennessee's vibrant South Broad District. The property boasts high visibility from major thoroughfares including I-24, Highway 27, and Broad Street, ensuring significant exposure for any development. The site includes several existing buildings, notably a warehouse with integrated office space, providing immediate potential for adaptive reuse or redevelopment. Access is convenient via Broad, 20th, and 21st Streets, further enhanced by an existing traffic signal at the Broad/21st Street intersection. This prime location benefits from proximity to substantial residential density, with two nearby apartment/condo complexes totaling 311 units, creating a built-in customer base. Furthermore, the property is within easy reach of popular attractions and amenities such as Finley Stadium, the Chattanooga Market, Naked River Brewing, Southside Social, and numerous restaurants and retail establishments. This Opportunity Zone designation presents significant tax advantages for qualified investors. Developers seeking a high-impact project in a thriving urban core will find this a compelling proposition. The combined parcels offer a unique chance to shape the future of Chattanooga's dynamic South Broad District. This is a rare opportunity to acquire a substantial land holding with existing structures in a high-growth area.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.13 ac (5,545 SF)
Zoning code M1
APN 145N B 002
UPID US80-0824689
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
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joseph M Palmer · 14 yrs held
Joseph M Palmer
since 2012
4 recorded transactions
2023
Price N/A
2023
Price N/A
2012
$425,000
2012
$205,000
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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