EDGE Century-old Chattanooga building looking for new owner

EDGE Century-old Chattanooga building looking for new owner

November 1st, 2016 by Mike Pare in EDGE
The 106-year-old Lupton Building in downtown Chattanooga is for sale. The six-story building, at 1010 Georgia Ave., is presently used as a storage facility.

The 106-year-old Lupton Building in downtown Chattanooga is...

Photo by Tim Barber /Times Free Press.

A 106-year-old downtown Chattanooga building is looking for a new owner and could hold another use amid a flurry of central city redevelopment.

The Lupton Building at 1010 Georgia Ave., built in 1910, is for sale for $3.2 million, according to commercial real estate broker Pryor E. Bacon of the Pryor Bacon Co.

The six-story building located in the heart of downtown is currently a Pro Storage facility. But, the 55,472-square-foot structure could be repurposed for offices, residential condominiums or apartments, according to Pryor Bacon.

Or, the building could grow the existing self-storage customer service base.

Chattanooga's core is undergoing an array of redevelopment. Near the Lupton Building, the Edney Building has been repurposed as the hub of the city's Innovation District.

Also, Warehouse Row is seeing new life as a retail and business center, and the historic 45,000-square-foot Fleetwood Building was renovated into apartment and office space.

ABOUT THE SITE

* Location: 1010 Georgia Ave.

* Building size: 55,472 square feet

* Sale price: $3.2 million

* Class of space: Class C

* For more information: Pryor E. Bacon of the Pryor Bacon Co.