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    Commercial Retail and Office Building Title is generated by Realmo AI

    1507 Maxwell Road, Chattanooga, TN 37412

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    Claim this Listing
    For Sale
    $359,000

    COMMERCIAL - Chattanooga, TN

    Property size:
    1,919 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $187/SF
    Added:
    Sep 8, 2025
    Days on Market:
    297
    Last Refresh:
    Jul 1 at 6:06 pm

    Property Features for 1507 Maxwell Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Appliances
    Disposal, Electric Range, Microwave, Refrigerator
    Standard status
    Active
    APN
    169j H 020
    Size
    1,919 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2118

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Flooring type
    Vinyl, Carpet
    Roof type
    Shingle

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    Grace Edrington

    Listing agent Grace Edrington License #291147

    Listing office Berkshire Hathaway J Douglas Properties 100 Tremont Street, Chattanooga, TN

    Listing date Sep 8, 2025

    MLS# 20254279

    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.

    HighLights

    • High Visibility: Approximately 7,000 cars pass daily.
    • Convenient Location: Situated near a traffic light for easy access and directly across from the U.S. Post Office.
    • Business‑Friendly Tax Incentives: Located in East Ridge, TN, which supports retail growth.
    • Ample Parking: Asphalt lot with 20 on‑site parking spaces.
    • Multiple Private Offices: Features 5 private offices.
    • Full Kitchen with New Appliances.

    Overview

    This commercial retail and office building combines a storefront-focused layout with dedicated professional space. It includes five private offices and a full kitchen with brand-new appliances, supported by central heating and air for year-round comfort. The property also offers an asphalt parking lot with 20 on-site spaces, providing practical on-site access for customers and staff.

    Located at 1507 Maxwell Road in East Ridge, the site benefits from strong visibility with approximately 7,000 cars passing daily. The property is positioned near a traffic light for convenient ingress and egress, and it is directly across from the U.S. Post Office, supporting day-to-day walk-in and customer convenience.

    With Commercial zoning and a configuration that supports both client-facing operations and back-office work, this asset can be a strong fit for a range of buyers and operators. It may work well for retail, office, or service-based businesses that value storefront exposure, private office space, and ready-to-use interior improvements.

    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 $34.5k $18.00
    − Vacancy −$5.2k −$2.70
    EGI $29.4k $15.30
    − OpEx −$7.3k −$3.82
    NOI $22.0k $11.48
    1,919 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $314.6K
    $275.3K – $367.0K (±1% cap)
    NOI $22,021 @ 7.0% cap · market cap 6.13%
    Second Best
    Retail
    $211.9K
    $185.4K – $247.2K (±1% cap)
    NOI $14,830 @ 7.0% cap · market cap 4.13%
    Theoretical Best
    Office A
    $423.8K
    $370.8K – $494.5K (±1% cap)
    NOI $29,667 @ 7.0% cap · market cap 8.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.228932
    Latitude
    34.992108

    FAQs

    What type of property is this?
    Storefront property - Commercially zoned building with storefront visibility, office space, and a full kitchen for flexible service or retail use.
    Where is this storefront property located?
    The property is located at 1507 Maxwell Road Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: High Visibility: Approximately 7,000 cars pass daily.; Convenient Location: Situated near a traffic light for easy access and directly across from the U.S. Post Office.; Business‑Friendly Tax Incentives: Located in East Ridge, TN, which supports retail growth.
    More about this property
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