EDGE Old downtown building seeks new owner

EDGE Old downtown building seeks new owner

February 1st, 2018 by Mike Pare in EDGE

The Downtown Mart building is located on the 700 block of Market Street.

Photo by Erin O. Smith

A building that's among downtown Chattanooga's oldest structures — and sits next to one of the city's newest — is on the market.

Known as the Downtown Mart, the three-story structure that's for sale at 706 Market St. was built in 1920. It's adjacent to Market City Center, the 10-story tower that holds 125 apartments along with retail and office space that opened late last year.

The Downtown Mart contains 5,520 square feet of space per floor, including a basement, according to broker Yun H. Gravitt of Coldwell Banker Pryor Realty.

The commercial/retail building located in the central business district could be converted into apartments or condo/office with retail on the main level, according to the broker.

ABOUT THE SITE

* Location: 706 Market St.

* Building size: 22,800 square feet

* Sale price: $1.2 million

* Year built: 1920

* For more information: Yun H. Gravitt of Coldwell Banker Pryor Realty

 

Priced at $1.2 million, the building has 46 feet of frontage on Market Street and sits across the road from First Tennessee Bank.

Market City Center next door was the tallest building to go up in the heart of downtown Chattanooga since the 1970s. That $30 million structure was raised by the Atlanta-based The Simpson Organization.


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