A commercial space not far from the University of Tennessee at Chattanooga, Warner Park and downtown is for sale.
Redevelopment started in 2018 at the site that, for many years, had held the once popular retailer Service Merchandise at 1304-1308 McCallie Ave.
The building was completely gutted and redeveloped between 2018 and 2022, according to Matt McGauley of SVN Second Story Real Estate Management.
The property, with a sale price of $7.25 million, has about 21,378 square feet of space and sits on 1.23 acres. McGauley said the tract also has lots of parking.
McGauley said earlier that rising downtown property values were pushing developers outside of the city’s core as they look for the next growth areas.