Signal Mill - Premier Retail Space

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 29976299
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Contiguous Space: 1,365 - 1,441 SF
Total Available: 2,806 SF
Building Size (RSF): 42,425 SF
Gross Building Area: See Agent
Gross Land Area: 2.91 Acres
Lease Rate: $26 - 28.50 PSF (Annual)
Base Monthly Rent: $3,122 - 3,241
Lease Types: NNN
Building Name: Signal Mill
Last Updated: 5/8/2018

Overview / Comments

Signal Mill is the complete redevelopment by new owners of the historic knitting mill building in the heart of downtown Chattanooga’s Northshore District. The first floor will house destination retail; the second floor, first class offices. Both will feature completely remodeled classic industrial architecture with heavy timber construction, exposed brick, and exposed beams. This landmark building features high ceilings and large windows with brick relieving arches that deliver volumes of natural light.

Signal Mill will provide on-site parking included in the rent – no meters, no validation, no kiosks – making it easy for clientele to visit. The Manufacturers Road location offers easy access with a traffic light at the entrance, just 0.2 miles from the exit ramp for US 27 and 0.1 miles from Cherokee Boulevard.

Tenants will have solid traffic from office tenants, from the increasing residential population in Northshore, and from the people already drawn from miles around for its eclectic mix of shops and restaurants, and nearby parks, trails, and walkways.

Existing tenants are demonstrated traffic drivers, including Edley's Bar-B-Q, Mean Mug Coffee, Blue Ridge Fly Fishing, and FoodWorks Restaurant.

Expand All 2 Spaces Available

Suite: 101 1,441 SF $26 PSF (Annual) NNN
Suite: 106 1,365 SF $28.50 PSF (Annual) NNN

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033135F G 00400P000
Zoning: E-IX-4
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Cherokee Blvd and US 27
Property Visibility: Excellent
Largest Nearby Street: US 27
Feet of Frontage: 542
Traffic/Vehicle Count: 12,659
Highway Access: 0.2 mi to US 27. 3 minutes to Interstate 24.
Airports: CHA
Site Description: The site is adjacent to, and shares ingress and egress with 2 Northshore, and across from One Northshore and Renaissance Park.
Area Description: Chattanooga's Northshore District has been called "Chattanooga’s most eclectic neighborhood, offering the best in local dining, shopping and living." The Northshore offers boutiques, restaurants, coffeehouses, galleries, salons and day spas. It includes parks, like the Walnut Street Bridge, a pedestrian bridge connecting the Northshore to the Arts District. Renaissance Park is across the street from Signal Mill. Renaissance Park is a 23.5 acre, environment-sustaining (not just sustainable) public park sitting on a former industrial site with a created wetland system that collects and cleans urban runoff before release into the Tennessee River. Just east of Renaissance Park is Coolidge Park, overlooking the Tennessee River with an interactive water fountain, rock-climbing walls, ample open green spaces, and completely restored, century-old antique carousel. The southern end of Walnut street bridge connects to the Northshore in Coolidge Park. The Tennessee Riverwalk, a 15-mile-long public walkway open to bicycles, runs on the banks of river from the Chickamauga Dam to Ross’s Landing, and connects across the Walnut Street Bridge and through Coolidge Park to Renaissance Park, with plans to extend it to Moccasin Bend to the west of Signal Mill. Chattanooga's Northshore is a vibrant, active, community of shops and parks that draws people from all over the region.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 21,200 SF
Property Condition: Excellent
Year Built: 1916
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Classic industrial brick building with large windows and a gabled parapet wall.
Parking Ratio: 3.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Signal Mill offers on-site parking included in rent. The typical downtown office or shop pays $65 to $85 per space per month, which adds the equivalent $4.00 to $5.00 per square foot to the cost of being a tenant. At Signal Mill that cost is included in rent. Parking ratio includes available spaces on adjacent lot.
Passenger Elevators: 1
Sprinklers: Dry
Zoning Description: The Industrial Mixed Use (E-IX) zone is intended to accommodate a variety of light industrial and manufacturing uses while allowing for retail, service and commercial activity and limited residential opportunities in a pedestrian-friendly environment.
Lot Frontage: 542
Lot Depth: 338 to 122
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,314 48,899 126,852
Median Age: 32.52 34.7 37.01
Households: 2,595 20,142 53,071
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.