Downtown Chattanooga Retail/Office
200 Market Street Chattanooga, TN 37402
For Sale
$2,500,000
Prime retail/office space in downtown Chattanooga with redevelopment potential.
Property Size7,660 SF
Price / SF$326.37
Days on Market248
Property Features for 200 Market Street
General Information
Standard status
Active
Size
7,660 SF
Property subtype
Retail
Building Details
Year Built
1994
Listing Agency:
SVN | Second Story Real Estate Management
(865) 804-8351
Listed By:
Chandler Hale · License #GA #434029
(865) 804-8351
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 4:37AM
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 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 | $137.9k | $18.00 |
| − Vacancy | −$20.7k | −$2.70 |
| EGI | $117.2k | $15.30 |
| − OpEx | −$29.3k | −$3.82 |
| NOI | $87.9k | $11.48 |
7,660 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
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.
