• 619 & 621 Market Street, Chattanooga, TN 37402

For Sale

Office

For Sale

This property is available for sale
0.23
Acres
$3,600,000
Sale Price
  • 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.

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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 Type
    Office
  • Year Built
    1886
  • Sale Price
    $3,600,000
  • Total Building Size
    54,000RSF
  • Total Acres
    0.23
  • Building Class
    C
  • Sale Status
    Available
  • Property ID
    2120816

Landlord's Sales Representative

  • Lisa Brown
    Tru Agent Real Estate