2101 Broad StChattanooga, TN 37408
- Industrial land
- 0.13 AC
Property Details for 2101 Broad St
- Lot size
- 0.13 AC
- Zone code
- M1
- Property type
- Industrial land
- APN
- 145N B 002
- APU
- 145NB002
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,342,395
- Hospitality
- $1,229,627
- Educational
- $1,023,035
- Medical
- $1,058,219
- Retail
- $1,591,388
Location Insight
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.0326
- Longitude
- -85.3144
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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