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Downtown Chattanooga Commercial Space Opportunity
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191 Walnut St, Chattanooga, TN 37403

Prime commercial space in downtown Chattanooga with high foot traffic.

Property Size1,080 SF
Price / SF$578.70
Days on Market852

Property Features for 191 Walnut St

General Information

Standard status Active
Size 1,080 SF
Class A
Property subtype Hospitality, Mixed Use, Office, Retail, Special Purpose
Zoning R-RV-4 | River View Zone
Investment Type Owner/User

Building Details

Year Built 2009
Year Renovated 2011
Listing Agency: Horizon Sotheby's International Realty.
Listed By: Libby Pratt · License #TN 328924
Source: Crexi
Added: May 4, 2024 Changed: Aug 19 Last Checked: Aug 29 at 8:27PM

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 Horizon Sotheby's International Realty.

Investment Insights

Based on property information with market context.

Located in the heart of downtown Chattanooga, this commercial space offers a rare ownership opportunity. Situated in Museum Bluffs, it occupies a corner ground-level location with two entrances from the cobblestone terrace shared by the Edwin Hotel, part of the Autograph Collection Hotels | Marriott Bonvoy, and the Walnut Street Walking Bridge, which connects downtown to Chattanooga’s North Shore. The surrounding area features a mix of commercial and residential developments, including hotels, restaurants, boutiques, Coolidge Park, the Tennessee Aquarium, large corporate employers, small businesses, and tourist attractions. The location benefits from heavy and consistent foot traffic from both locals and visitors. The space currently operates as a beauty salon, Style Bar, with a long-standing reputation and established clientele. The property's direct exposure and access from the neighboring hotel, tourist attractions, businesses, and large corporate employers create opportunities for various potential business ventures, including retail, beauty/nail salon, spa services, cafe/coffee with outdoor seating/dining, retail services, administrative, office, creative space, photography studio, art gallery, and interactive consumer retail experiences. The space features high ceilings of approximately 20 ft (16ft with 4ft extending beyond current ceiling tiles) with fire wall protection installed throughout, allowing for the potential of a second-story loft space. It is equipped with EPB Fiber Optics for fast internet. The interior includes polished concrete floors, commercial-grade oversized windows, and light fixtures, providing natural light. There is one oversized bathroom, cabinetry, a sink, a refrigerator, and washer & dryer hookups. One parking space in the building's secure gated parking garage is included. On-street parking is available for clients and customers along Walnut St and Cherry St. The property has zero-step entry for easy access.

Key Highlights

  • Prime downtown Chattanooga location in Museum Bluffs with direct access to the Edwin Hotel and Walnut Street Walking Bridge, ensuring high foot traffic
  • Versatile commercial space suitable for various business types
  • High ceilings (approximately 20 ft) with potential to add a second‑story loft, increasing usable square footage

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Florist Garden Center Tanning Salon Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

2,499
Businesses Nearby
166k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 42% Hotels & Casinos 28% Leisure 19% Shops & Services 11%
AMC CLASSIC Majestic 12 Leisure
17,819 visits/mo 0.2 miles
Holiday Inn & Suites Chattanooga Downtown, an IHG Hotel Hotels & Casinos
14,703 visits/mo 0.3 miles
Tennessee Aquarium IMAX 3D Theater Leisure
14,304 visits/mo 0.2 miles
Shell Shops & Services
13,823 visits/mo 0.5 miles
Chili's Grill & Bar Dining
13,135 visits/mo 0.3 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?
Retail space - Prime commercial space in downtown Chattanooga with high foot traffic.
Where is this retail space located?
The property is located at 191 Walnut St Chattanooga, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime downtown Chattanooga location in Museum Bluffs with direct access to the Edwin Hotel and Walnut Street Walking Bridge, ensuring high foot traffic; Versatile commercial space suitable for various business types; High ceilings (approximately 20 ft) with potential to add a second‑story loft, increasing usable square footage
(423) 599-2051 Call to check price and availability
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