619 & 621 Market Street, Chattanooga, TN 37402
For Sale
For Sale
-
Year Built
1886
-
Total Building Size
54,000 RSF
-
Overview
TWO historic buildings located in Opportunity Zone 54,000 sf located in the Heart of Downtown Chattanooga between 6th and 7th Streets 50 feet of frontage on Market and Broad Street. Buildings are 200 feet in length. Ideal location for apartments, condos, office, hospitality, retail and more. Each building has 4 floors and a full length basements. Historic architectural details include beautiful brick walls, high ceilings, hardwood floors and period arched windows with scenic views. Buildings have both passenger and freight elevator shafts. Parking potentially could be added in basement. There are also parking garages across the street with monthly rental lease opportunities. Located in Opportunity Zone. Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas.
Property Details
TWO historic buildings located in Opportunity Zone 54,000 sf located in the Heart of Downtown Chattanooga between 6th and 7th Streets 50 feet of frontage on Market and Broad Street. Buildings are 200 feet in length. Ideal location for apartments, condos, office, hospitality, retail and more. Each building has 4 floors and a full length basements. Historic architectural details include beautiful brick walls, high ceilings, hardwood floors and period arched windows with scenic views. Buildings have both passenger and freight elevator shafts. Parking potentially could be added in basement. There are also parking garages across the street with monthly rental lease opportunities. Located in Opportunity Zone. Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas.
- Property TypeOffice
- Year Built1886
- Sale Price$3,600,000
- Total Building Size54,000RSF
- Total Acres0.23
- Building ClassC
- Sale StatusAvailable
- Property ID2120816