Prime property on Chattanooga's hot East Main corridor is available for $1.39 million

Office, residential site could be investment or redevelopment land

Staff photo by Mike Pare / Property at 2012 E. Main St. is on the market

Property along the East Main Street corridor in Chattanooga, sitting amid new and proposed development, is on the market.

Located not far from downtown, the site at 2012 E. Main St. includes office space as well as a multi-family triplex, according to commercial real estate broker Lisa Brown of Keller Williams Realty.

The 4,000-square-foot office building fronts East Main, and the 2,000-square-foot triplex is located directly behind it. The sale price for the property is $1.39 million.

Possible uses for the location could be as an investment with tenants in both buildings or for land redevelopment, according to Brown. Two new developments already underway are located nearby.

The Lucey Quarter development is a proposed $20 million project when fully built out, off of South Holtzclaw Avenue not far from East Main. The reuse of the longtime Lucey Boiler industrial site is envisioned as holding new townhomes, retail-and-event space and possibly a boutique hotel.

Meanwhile, one of Chattanooga's oldest manufacturing properties is being cleaned up and reshaped to anchor an urban residential neighborhood that will soon bring a variety of housing, retail and office development.

A $180 million residential neighborhood known as Mill Town is taking shape around the site of an abandoned textile mill built more than a century ago by the former Standard-Coosa-Thatcher Co. on the eastern corridor of Main Street.


* Location: 2012 E. Main St.

* Sale price: $1.39 million

* Space: 6,000 square feet

* Size: 0.25 acre

* For more information: Lisa Brown of Keller Williams Realty