The former Hailey Chevrolet building in downtown Chattanooga is back up for sale, and current owners said the options are wide open for potential buyers.
Southside Centre Partners purchased the 1700 Broad St. property and will work with buyers to suit their needs.
“We will sell it as is, or we will develop it then sell it,” said Porter Yarbrough, a Crye-Leike Realtor and one of the owners. “We will lease it as is, or we will develop it then lease it.”
Without redeveloping the almost 39,000-square-foot property, Mr. Yarbrough said Southside Centre Partners is asking $1.6 million, or about $42 per square-foot.
John Straussberger, owner of Strauss Construction Co. and one of the Southside Centre partners, emphasized they will be flexible with people interested in purchasing or leasing the property.
Mr. Yarbrough said if Southside Centre Partners develops the property, it could be similar to what the group did to the nearby former Amos & Andy Buick location at 1210 Broad St., which became the home of the Tennessee Valley Public Power Association in 2002.
“We have discussed the possibility of a downtown grocery store,” Mr. Yarbrough said. “Some sort of specialty grocery store would do really well, I think. Also, a (Dollar General) type store would do well here.”
Mr. Straussberger said other possibilities for the facility are warehouse space, offices or retail. He said there has been interest in the property.
“One of the biggest things it has going for it is the amount of on-site parking,” Mr. Straussberger said. “There is room for slightly more than 90 spaces.”
The two-story building includes about 5,000 square feet of office space. The almost 7,000 square feet of the second floor is made up of office and storage space.
Mr. Yarbrough said the options are unlimited.
“It is zoned M-1, which allows almost any use,” he said.