- For Sale $1,500,000
- Property Type Mixed Use - Office / Retail / Medical
- Property Size 16,965 SF
- Lot Size 0.75 Acre
- Zoning R2
- Additional Rent Contact for pricing
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1910
- Date Updated Jan 15, 2025
This investment opportunity in Chattanooga offers a location close proximity to I-24 and I-75 and near major employers such as UNUM, BCBS of TN, McKee Foods, Amazon, Volkswagen, Kenco, TVA, Erlanger Health System, and US Express. The property sits on a 0.75-acre lot with current month-to-month tenants, providing immediate income while you work on design and permitting. There is also an option to purchase additional land at 1526 and 1530 Dodds Ave, totaling one acre.
Access to the property is easy with multiple entry points from Dodds Ave and 16th St. There is potential to expand parking in the grassy area at the front of the property, in addition to the existing parking available on the adjacent lot at the rear.
Chattanooga has a lower cost of living compared to similar cities and offers tax incentives, including the Payment in Lieu of Taxes (PILOT) program, which supports affordable housing development.
The property is near the Southside district and downtown areas, which include various restaurants and recreational spaces. The city also supports sustainability initiatives.
Located next to the $120 million "Mill Town" development, this area is expected to grow significantly. The property has strong potential for residential development, coworking spaces, event venues, educational facilities, wellness centers, or art studios. The announcement of a nearby gated community with micro-homes and a housing shortage at UTC for 2024-2025 further shows the investment appeal.
Full offering memorandum available upon request.
Reach out to the broker for more info on lease terms and amenities
Highlights
- CONVENIENT TO ALL ATTRACTIONS Located just outside Chattanooga’s famous downtown district and nestled just outside the expanding Southside district along East Main St, this site is a stone’s throw from the vibrant heart of the city. Enjoy easy driving or biking access to all the downtown and Southside hotspots, including trendy restaurants, lounges, music venues, the Riverfront, the Aquarium, IMAX, Chattanooga Zoo, Montague Sculpture Park, and the Hunter Museum. The Southside district is continuously expanding, making this location perfect for those seeking to be at the center of excitement and growth.
- Prime Location: Situated in a highly accessible area with direct connections to I-24 and I-75 for employees of major Chattanooga employers.
- Expansion Potential: Opportunities to acquire adjacent parcels at 1526 and 1530 Dodds Ave, adding an additional acre for development.
- Proximity to Attractions: Close to Chattanooga’s downtown and Southside districts
- Affordable Housing Programs: Benefits from the city’s Payment in Lieu of Taxes (PILOT) program designed to promote lower rent units through tax reductions.
- Sustainability Focus: Positioned in an area known for its strong sustainability initiatives driven by industry and government collaboration.
- Versatile Space: Potential for various uses including residential developments, coworking spaces, event venues, educational facilities, wellness centers, or art studios.
- Future Growth: Adjacent to the "Mill Town" development, a $120 million project that includes residential and commercial spaces, indicating significant area growth and development synergy.
False
Contacts
Location
Getting Around
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Walk Score ®
50/100
Somewhat Walkable
-
Transit Score ®
28/100
Some Transit
-
Bike Score ®
30/100
Somewhat Bikeable
- City Chattanooga, TN
- Neighborhood Missionary Ridge
- Zip Code 37404
- Market Chattanooga
Points of Interest
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East Chattanooga
3.02 miles
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Grand Junction
4.87 miles
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Smile Fuel's
0.38 miles
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Shell
0.59 miles
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Gas Station
1.05 miles
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Speedway
1.64 miles
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Citgo
1.72 miles
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Exxon
1.86 miles
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kankus inc
1.98 miles
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eVgo
2.38 miles
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CARTA/548 VINE ST #2
2.57 miles
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CARTA/548 VINE ST #1
2.57 miles
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school parking
2.03 miles
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48
2.43 miles
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Faculty Parking
2.44 miles
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24
2.48 miles
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Student Parking
2.56 miles
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33
2.65 miles
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American Legion Post 14 Reserved Parking Lot
2.66 miles
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32
2.71 miles
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Unum
2.84 miles
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The Chatt Inn
0.74 miles
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The Crash Pad
2.24 miles
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Chattanooga Choo Choo
2.38 miles
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Kinley
2.45 miles
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La Quinta Inn Chattanooga
2.47 miles
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Moxy Chattanooga Downtown
2.49 miles
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Comfort Inn Downtown
2.51 miles
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Motel 6 Chattanooga Downtown
2.52 miles
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Red Roof PLUS+ & Suites Chattanooga - Downtown
2.57 miles
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La Quinta Inn & Suites by Wyndham Chattanooga Downtown/South
2.58 miles
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Central Park Hamburgers
0.43 miles
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Krystal
0.51 miles
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Hunan Wok
0.55 miles
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McCallie Dining Hall
0.61 miles
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Burger King
0.62 miles
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Chattanooga Pizza
0.72 miles
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Tienda Tikal
0.78 miles
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Wings Town
0.90 miles
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Taqueria Alba
1.12 miles
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American Wings
1.24 miles
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Oak Grove Elementary School
0.41 miles
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Missionary Ridge School
0.43 miles
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Chattanooga Charter School of Excellence
0.65 miles
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The McCallie School
0.72 miles
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Highland Park Elementary School
1.03 miles
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Richmont Graduate University
1.10 miles
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Notre Dame High School
1.35 miles
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Sunnyside Elementary School
1.41 miles
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Orange Grove School
1.49 miles
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East Lake Academy of Fine Arts
1.51 miles
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Little Miss Mag Early Learning Center
3.13 miles
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A Mothers Love Daycare
6.03 miles
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Childcare Network
6.20 miles
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Dupont Elementary School
6.52 miles
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Kids Rock, Inc.
6.73 miles
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Saint Timothy's Episcopal Preschool
8.28 miles
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Sunshine House Early Learning Academy
8.39 miles
Frequently Asked Questions
The space currently listed for sale at 1542 dodds asks for $1,500,000.
1542 dodds totals 16,965 square feet.
1542 dodds was built in 1910.
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