5001 Covington St, Chattanooga, TN 37407 For Sale

Value-Add Warehouse Distribution Manufacturing; 4 buildings; 60,000 SF; 2.5 acres; City of Chattanooga

4 Buildings across 2.5 acres, occupying full city block, near Downtown Chattanooga. 2 miles from Central Business District, just off Hwy 27 (Rossville Blvd.) with easy access to Interstate 24. Property to be sold vacant. Building 1 (25,600 SF) Building 2 (11,700 SF) and Building 3 (12,800 SF) Building 4 (9,900 SF). Truck access from Covington St., 50th St., Calhoun Ave., and 51st St. Fenced and gated Dropyard, and internal Courtyard. All 4 buildings sprinklered, with ample dock doors, drive-in doors, various ceiling heights, and office configurations -- see individual building layouts for details. 2022 upgrades include: new LED lighting in Buildings 2, 3, and 4; new natural gas lines and meters to Buildings 2, 3, and 4; new 34 Kilowatt rooftop solar panel installation with upgraded electrical wiring, including new eGuage monitoring system.

Excellent campus layout for growing company with vision to renovate the historic old mill, while utilizing the functional flexible nature of the three more recent buildings. Building 1 is the original 1928 construction for Bryan’s Hosiery (made famous by a young Salvador Dali’s hand-drawn advertisements in popular magazines in the 1940’s) who occupied the space for 50 years. The massive banks of clear-story north-facing windows provide an incredible amount of natural light, while the classic post and beam construction exemplifies the resources and techniques of the Roaring 20’s.