For Sale
$3,500,000

620 Cherokee Blvd Chattanooga, TN 37405

Prime North Chattanooga office, great income & development potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 20,000 square foot office building presents a compelling investment opportunity in Chattanooga, Tennessee. Situated on a 1.2-acre lot, the largest parcel available on Cherokee Boulevard, this property boasts over 200 feet of road frontage and access from both sides. The existing Class B building, constructed in 1960 and renovated in 2001, is currently 100% occupied, generating substantial income under a modified multi-tenancy lease. The versatile space includes creative, executive, and traditional office layouts, featuring a large open area, multiple private offices, a kitchen/break room, a conference room, and ample free onsite parking. A flex/warehouse area with two roll-up doors adds to the property's functionality. Its prime North Shore location offers proximity to downtown Chattanooga without the high rental rates, making it ideal for businesses seeking a blend of accessibility and affordability. The property's zoning permits commercial use, and its size and location present significant potential for redevelopment into a mixed-use project incorporating multifamily and retail components. The stunning views of downtown Chattanooga further enhance its appeal. This is a rare opportunity to acquire a high-performing income-generating asset with substantial future development potential in a highly desirable location. The APN is 033135C B 00300P000. The asking price is $3,500,000.

Highlights

  • $3,500,000 asking price.
  • 20,000 square foot office building.
  • 100% occupancy with a modified lease structure.
  • Located on a 1.2-acre lot in Chattanooga, TN, with over 200 feet of road frontage.
  • Class B building, built in 1960 and renovated in 2001.
  • Multi-tenant building with creative, executive, and traditional office spaces.

Property Details for 620 Cherokee Blvd

Property type
Office properties, Office space
Square Feet
20,000 SF
Class
B
Year Built/Renovated
1960/2001
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0693042
Longitude
-85.3182664
620 Cherokee Blvd, Chattanooga, Tennessee

FAQs

What type of property is this?
Office property - Prime North Chattanooga office, great income & development potential.
Where is the office property located?
The property is located at 620 Cherokee Blvd Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: $3,500,000 asking price.; 20,000 square foot office building.; 100% occupancy with a modified lease structure.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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620 Cherokee Blvd
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