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Waterfront Investment Opportunity

210 HAMM RD Chattanooga, TN 37405

210 HAMM RD, Chattanooga, TN, 37405
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Prime waterfront property with development potential in expanding corridor.

Property Size11,080 SF
Lot Size2.16 Acres
Price / SF$333.94
AddedMay 21
Days on Market56
Last RefreshMay 27 at 8:17 am

Property Features for 210 HAMM RD

General Information

Standard status
Active
Size
11,080 SF
Lot size
2.16 Acres
Property subtype
Industrial, Mixed Use, Land

Building Details

Year Built
1998

Listing office Exit Realty

Listing date May 21, 2026

Source Crexi

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 Exit Realty


Investment Insights

Based on property information with market context.

This unique waterfront investment opportunity offers significant development potential. Zoned M-1, the property allows for a wide range of commercial or mixed-use possibilities. Situated in a rapidly expanding corridor west of the Coolidge Park area, the site is located among new developments and represents one of the last strategic waterfront opportunities in the area. The offering includes two parcels totaling approximately 2.16 acres: a vacant 1.13-acre lot and a 1.03-acre lot currently operating as a multi-tenant flex-space building. The existing flex-space property, with a size of 11080 square feet, has two active leases in place, providing current income while future development plans are considered. The surrounding area is experiencing substantial growth, with potential future townhouse developments and expansion of the riverwalk adding long-term value. This property is a chance to secure a location with strong upside potential for redevelopment, investment, mixed-use concepts, or continued income-producing use.

Key Highlights

  • Prime waterfront location in a rapidly expanding corridor.
  • Zoned M‑1, offering flexibility for commercial or mixed‑use development.
  • Consists of two parcels totaling 2.16 acres, including a vacant lot and an income‑producing flex‑space building.

Local Financial Insights For Mixed Use

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 $212.7k $19.20
− Vacancy −$17.0k −$1.54
EGI $195.7k $17.66
− OpEx −$73.4k −$6.62
NOI $122.3k $11.04
11,080 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$1.75M
$1.53M – $2.04M (±1% cap)
NOI $122,323 @ 7.0% cap · market cap 3.31%
Second Best
Flex RnD
$1.49M
$1.31M – $1.74M (±1% cap)
NOI $104,487 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M (±1% cap)
NOI $171,295 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Closets by Design ... General Contractor Littlejohn Engineering Associates Engineering Consultant Quick Response Fire ... General Contractor Tennessee Process Pumps Hardware & Home Improvement Engineering Production Facility

Suggested Use

Auto Parts Store HVAC Service Furniture & Home Goods Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Barber Shop (Bike/Boat/Book/etc) Store Storage Facility

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

FAQs

What type of property is this?
Mixed-use property - Prime waterfront property with development potential in expanding corridor.
Where is this mixed-use property located?
The property is located at 210 HAMM RD Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Prime waterfront location in a rapidly expanding corridor.; Zoned M‑1, offering flexibility for commercial or mixed‑use development.; Consists of two parcels totaling 2.16 acres, including a vacant lot and an income‑producing flex‑space building.
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