Downtown Chattanooga Retail/Office
For Sale
$2,500,000
200 Market Street, Chattanooga, TN 37402
Prime retail/office space in downtown Chattanooga with redevelopment potential.
Property Size7,660 SF
Price / SF$326.37
Days on Market320
Property Features for 200 Market Street
General Information
Standard status
Active
Size
7,660 SF
Property subtype
Retail
Building Details
Building Size
7,660 SF
Year Built
1994
Listing Agency:
SVN Second Story Real Estate Management
Listed By:
Chandler Hale · License #TN #371055
(865) 804-8351
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 3
Last Checked: Oct 5 at 3:54PM
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.
Located on Market Street, a prominent commercial corridor in downtown Chattanooga, this property offers a flexible zoning designation of D-SH-6 in the front and D-RA-4 in the rear, supporting a wide range of uses including retail, restaurant, office, and potential residential conversion. The front portion of the building has the potential to be built up to 6 stories, while the back can be built up to 4 stories. The property presents a value-add opportunity for investors seeking redevelopment or re-tenanting. The property size is 7,660 square feet. Downtown Chattanooga is experiencing rental growth and demand for quality retail and office space.
Key Highlights
- Prime location on Market Street, a prominent commercial corridor in Downtown Chattanooga.
- Flexible zoning (D‑SH‑6 and D‑RA‑4) supports diverse uses: retail, restaurant, office, and potential residential conversion.
- Value‑add opportunity for investors through redevelopment or re‑tenanting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,899
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,980
$1.8M
Cap Rate 7%
$1,255,700
$1.3M
Cap Rate 9%
$976,656
$976.7K
Market Conditions
NOI Build-Up for 7,660 SF
Gross rent
$137.9K $18.00/SF
− Vacancy
−$20.7K −$2.70/SF
EGI
$117.2K $15.30/SF
− OpEx
−$29.3K −$3.82/SF
NOI
$87.9K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,980
Cap Rate 7%
$1,255,700
Cap Rate 9%
$976,656
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.46M
NOI $87,899 @ 7.0% cap · market cap 3.52%
Second Best
Specialty Retail
$1.02M
$891.1K – $1.19M
NOI $71,284 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,422 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 37402, TN
4,464
Population
3,207
Households
1.4
Avg Household Size
38
Median Age
30%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
3,434
Density / Sq Mi
$28,829
Median Household Income
$42,515
Median Earnings
$673
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail/office space in downtown Chattanooga with redevelopment potential.
Where is this retail space located?
The property is located at 200 Market Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location on Market Street, a prominent commercial corridor in Downtown Chattanooga.; Flexible zoning (D‑SH‑6 and D‑RA‑4) supports diverse uses: retail, restaurant, office, and potential residential conversion.; Value‑add opportunity for investors through redevelopment or re‑tenanting.
