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Second-Generation Restaurant Space
For Lease
$21 SF/Yr

401 E Martin Luther King Blvd, Chattanooga, TN 37403

Second-generation restaurant space offers a fully equipped kitchen and bar in excellent interior condition.

Space Size3,600 SF
Property Size14,336 SF
Days on Market117

Property Features for 401 E Martin Luther King Blvd

General Information

Standard status Active
Size 3,600 SF
Property subtype Retail - Restaurant

Building Details

Building Size 14,336 SF
Year Built 2021

Spaces For Lease

at 401 E Martin Luther King Blvd Contact us

401 E MLK $21/SF/Yr

Size
3,600 SF
Type
Restaurant
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: SVN | Second Story Real Estate Management
Listed By: Chandler Hale · License ##434029
Source: Commercialcafe
Added: Apr 22 Changed: Aug 8 Last Checked: Aug 15 at 9:43PM

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 SVN | Second Story Real Estate Management

Investment Insights

Based on property information with market context.

Second-generation restaurant space available for lease featuring a fully equipped kitchen and bar. The interior is reported to be in excellent condition and is ready for food and beverage operations.

The property is located on E Martin Luther King Blvd in central Chattanooga, with the public remarks noting it is just steps away from UTC’s campus.

This offering is configured as a turn-key restaurant space with both kitchen and bar components already in place, supporting immediate buildout continuity for the next operator.

Key Highlights

  • Second‑generation restaurant space for lease with fully equipped kitchen and bar
  • Interior is in excellent condition
  • Year built: 2021

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Carpet & Flooring Store Florist Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,152
Businesses Nearby
853
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
CubeSmart Self Storage Shops & Services
853 visits/mo 0.4 miles

Demographics for 37403, TN

5,666
Population
2,394
Households
2.4
Avg Household Size
26
Median Age
49%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
3,333
Density / Sq Mi
$65,750
Median Household Income
$12,410
Median Earnings
$1,253
Median Rent
$444,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Second-generation restaurant space offers a fully equipped kitchen and bar in excellent interior condition.
Where is this conventional restaurant located?
The property is located at 401 E Martin Luther King Blvd Chattanooga, TN.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Second‑generation restaurant space for lease with fully equipped kitchen and bar; Interior is in excellent condition; Year built: 2021
More about this property
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