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    423 Market St Chattanooga, TN 37402

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    For Lease
    $26 SF/Yr

    Second-generation restaurant space in the heart of downtown Chattanooga.

    Property size:
    26,877 SF
    Lot size:
    26,877 SF

    Property Features for 423 Market St

    General Information

    Size
    26,877 SF

    Building Details

    Year built
    1900

    Source: Kelly Fitzgerald Agent Kelly Fitzgerald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Chattanooga Restaurant Space

    Located in downtown Chattanooga, the property at 420 Broad Street offers high visibility and foot traffic. Situated within the Jack’s Alley retail and dining district, the space benefits from traffic from locals, professionals, and tourists. The property is surrounded by restaurants, shops, offices, and cultural attractions, and is near the Tennessee Aquarium, Riverfront Park, and the Walnut Street Bridge. The area is walkable and has access to public transportation, structured parking, and thoroughfares.
    Location Intelligence

    Current Use by Public Records

    Taco Mac Chattanooga Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Chattanooga Catering, Two Lost Cajuns Catering, Bertin's Taste of New Orleans, Five Star Breaktime Solutions - Headquarters, AF Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3098045
    Latitude
    35.051539

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    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space in the heart of downtown Chattanooga.
    Where is this restaurant located?
    The property is located at 423 Market St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Unparalleled visibility and foot traffic in Downtown Chattanooga.; - Located in the vibrant Jack’s Alley retail and dining district.; - Surrounded by thriving restaurants, boutique shops, and cultural attractions.
    (615) 714-6378
    Request Owner's contact information
    423 Market St Chattanooga, TN 37402
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    Chattanooga, TN 37402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 Market St Chattanooga, TN 37402
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