Search
Mixed-Use Apartment Building with Commercial Space
For Sale
Contact for pricing

1939 Central Ave, Chattanooga, TN 37408

32 residential condos sit above street-level mixed-use commercial space at 1939 Central Ave.

Property Size1,930 SF
Price / SF$474.61
Days on Market754

Property Features for 1939 Central Ave

General Information

Standard status Active
Size 1,930 SF
Property subtype OFFICE

Additional Details

Floor First Floor
Multifamily Units 32

Building Details

Buildings 1
Listing Agency: SVN | Second Story RE Management
Listed By: Kelly Fitzgerald · License ##385215
Source: Moodyscre
Added: Sep 27, 2024 Changed: Oct 15 Last Checked: Oct 19 at 6:19AM

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 RE Management

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This mixed-use apartment building combines street-level commercial space with residential condos above. The first floor offers 6,533 square feet of space, and the building is described as recently constructed with a contemporary design. On the upper floors, there are 32 residential condos, creating a live-and-work style configuration within one property.

The building is located at 1939 Central Ave in Chattanooga, TN 37408, and is presented as a versatile option for potential tenants or businesses looking for a mixed-use setup.

Overall, the property’s structure supports both commercial activity on the main level and residential use upstairs, offering a single ownership opportunity for a tenant mix within the same building.

Key Highlights

  • 6,533 square feet on the first floor commercial space
  • 32 residential condos on the floors above
  • Recently constructed, contemporary building design

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Servicio El Paisano Translation Service Tienda Maya Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Accounting Firm Carpet & Flooring Store Locksmith Pharmacy

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

32
Residential units

Location Intelligence

Trade Area within ½ mile

922
Businesses Nearby

Demographics for 37408, TN

3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - 32 residential condos sit above street-level mixed-use commercial space at 1939 Central Ave.
Where is this apartment building located?
The property is located at 1939 Central Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $916,000.
What are key features of this property?
This property features: 6,533 square feet on the first floor commercial space; 32 residential condos on the floors above; Recently constructed, contemporary building design
(615) 714-6378 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again