Commercial Building with Loading
2437 Glass Street Chattanooga, TN 37406
2437 Glass Street, Chattanooga, TN, 37406
$795,000
For Sale
$795,000
COMMERCIAL - Chattanooga, TN
Property Size8,358 SF
Lot Size0.11 Acres
Price / SF$95.12
Days on Market682
Property Features for 2437 Glass Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking features
- On Street, Parking Lot
- Interior features
- Storage, Open Floorplan
- Standard status
- Active
- APN
- 137a N 015
- Size
- 8,358 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1683
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1917
- Flooring type
- Carpet
- Building materials
- Block, Brick Veneer, Concrete
- Roof type
- Flat
- Additional Structures
- Storage
Listing Agency
Bridge Real Estate Group
(423) 479-8721
295 Inman St E, Cleveland, TN
Listed by
Cristy Schuch · License #351771
(423) 650-6856
Added: Sep 4, 2024 Checked: Jul 17 at 9:06 am
MLS# 20243885
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a commercial building with space suited to a range of uses, including office or retail, along with possibilities such as art or dance studios as described in the listing. Improvements noted in the remarks include new windows, plumbing work including a relined drain line, electrical wiring and outlets, roof repairs, brick and mortar stabilization, replacement of roof supports, and interior upgrades including a new drop ceiling, light fixtures, insulation, carpet, and HVAC. Additional security improvements were also described, including metal pull-down security doors and a new corner door. Further work noted includes a new roof added in June 2016 for a portion of the building and additional window and stabilization work in August 2022, along with lead abatement and roof updates.
A rear opening in the building is described as potential dock or loading access. The property is located in a designated opportunity zone.
The building is listed for sale as a commercial asset totaling 8,358 square feet on a 0.11-acre lot.
A rear opening in the building is described as potential dock or loading access. The property is located in a designated opportunity zone.
The building is listed for sale as a commercial asset totaling 8,358 square feet on a 0.11-acre lot.
Key Highlights
- Commercial building built in 1917 with a flat roof, block/brick veneer/concrete construction, and an open floor plan with storage.
- Interior updates include central air, carpet flooring, and a new drop ceiling with light fixtures and insulation.
- April 2014 work at 2435 Glass St: new windows, new plumbing and relined drain line, new electrical wiring/outlets, roof repairs, stabilization, and replaced roof supports.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.3k | $12.00 |
| − Vacancy | −$8.0k | −$0.96 |
| EGI | $92.3k | $11.04 |
| − OpEx | −$27.7k | −$3.31 |
| NOI | $64.6k | $7.73 |
8,358 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,908 @ 7.0% cap · market cap 12.06%
Second Best
Retail
$922.7K
$807.4K – $1.08M
NOI $64,591 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,213 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Commercial building offering office and retail flexibility, with interior updates and a rear opening for potential loading access.
Where is this storefront property located?
The property is located at 2437 Glass Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Commercial building built in 1917 with a flat roof, block/brick veneer/concrete construction, and an open floor plan with storage.; Interior updates include central air, carpet flooring, and a new drop ceiling with light fixtures and insulation.; April 2014 work at 2435 Glass St: new windows, new plumbing and relined drain line, new electrical wiring/outlets, roof repairs, stabilization, and replaced roof supports.
