Flex Space Building with
255 West 20th Street Chattanooga, TN 37408
255 West 20th Street, Chattanooga, TN, 37408
$4,500,000
For Sale
$4,500,000
A newly redesigned flex building on a busy corner with large windows, high ceilings, and an outdoor patio area.
Property Size15,895 SF
Price / SF$283.11
Days on Market559
Property Features for 255 West 20th Street
General Information
- Standard status
- Active
- Size
- 15,895 SF
- Property subtype
- IND, OFC, SCR-FREE
Listing agency
Keller Williams Realty Chattanooga
(423) 432-2100
Listed by
Lisa Brown · License #321895, TN
(423) 432-2100
Source
Realnex
Added: Jan 8, 2025 Updated: Jul 20 at 8:03PM Checked: Jul 21 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Chattanooga
Investment Insights
Based on property information with market context.
This newly redesigned flex space building is currently configured for a state-of-the-dog care facility and includes 15,895 square feet of open, adaptable interior space. The property features high ceilings, large windows, and polished concrete floors, along with social space amenities that include a bar, a covered patio, and an outdoor turfed area.
Located in Chattanooga’s Southside district on a busy corner with strong exposure to both foot and vehicle traffic, the site is approximately a half mile from Hwy 27 and is described as seeing over 12,000 cars passing daily. Large on-site parking supports convenient day-to-day access.
The building has been updated throughout, with new HVAC, electrical, and plumbing systems. The floor plans are available via the provided link.
Located in Chattanooga’s Southside district on a busy corner with strong exposure to both foot and vehicle traffic, the site is approximately a half mile from Hwy 27 and is described as seeing over 12,000 cars passing daily. Large on-site parking supports convenient day-to-day access.
The building has been updated throughout, with new HVAC, electrical, and plumbing systems. The floor plans are available via the provided link.
Key Highlights
- 15,895 SF flex building with an open, adaptable interior layout for multiple commercial uses
- Busy Southside corner location about 0.5 mile off Hwy 27 with over 12,000 cars passing daily
- Large windows and high ceilings with polished concrete floors
Local Financial Insights For Office B
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 | $286.1k | $18.00 |
| − Vacancy | −$42.9k | −$2.70 |
| EGI | $243.2k | $15.30 |
| − OpEx | −$60.8k | −$3.82 |
| NOI | $182.4k | $11.48 |
15,895 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.61M
$2.28M – $3.04M
NOI $182,395 @ 7.0% cap · market cap 4.05%
Second Best
Healthcare Medical
$2.53M
$2.21M – $2.95M
NOI $177,045 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,734 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GoDog Chattanooga
Pet Grooming Service
Similar For Sale Nearby
Similar Off Market Nearby
- Chattanooga Catering — 232 E 11th St, Chattanooga, TN 37402
- Bayou Bites Food Truck — 556 W Main St, Chattanooga, TN 37402
- Five Star Breaktime Solutions - Headquarters — 412 E 10th St, Chattanooga, TN 37403
FAQs
What type of property is this?
Flex space - A newly redesigned flex building on a busy corner with large windows, high ceilings, and an outdoor patio area.
Where is this flex space located?
The property is located at 255 West 20th Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 15,895 SF flex building with an open, adaptable interior layout for multiple commercial uses; Busy Southside corner location about 0.5 mile off Hwy 27 with over 12,000 cars passing daily; Large windows and high ceilings with polished concrete floors
