Mixed-Use Office and Retail
For Sale
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2401 BROAD ST, Chattanooga, TN 37408
Historic mixed-use building with multiple existing tenants and a currently available suite on Broad Street.
Property Size6,762 SF
Price / SF$347.53
Days on Market147
Property Features for 2401 BROAD ST
General Information
Standard status
Active
Size
6,762 SF
Class
B
Total Parking Spaces
28
Property subtype
Retail, Office
Zoning
C-MU1
Occupancy
50%
Lease Type
Modified Gross
Additional Details
Business Included
Yes
Building Details
Year Built
1910
Year Renovated
2012
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Real Estate Partners Chattanooga LLC
Listed By:
Lee Brock · License #TN 338596
Source:
Crexi
Added: Jun 10
Changed: Nov 1
Last Checked: Nov 3 at 6:55AM
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 Real Estate Partners Chattanooga LLC
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Investment Insights
Based on property information with market context.
The 1910 on Broad is a 6,762 SF mixed-use building built in 1910, offering space for office and storefront uses. The property includes multiple tenant suites, with three tenants already in place generating income, and one suite available for an owner-user to occupy or lease at market rate. The building also provides a total of 28 spaces between the lots, supporting on-site parking needs.
Located at 2401 Broad St in Chattanooga’s Southside on one of Broad Street’s active corridors, the building sits in the South Broad TIF District. The property’s established streetscape positioning is intended to support visibility and convenient access for everyday business activity and customer visits.
This offering is well-suited for an owner-user seeking a flexible mixed-use configuration with the ability to move into an available suite while leveraging existing occupancy. Buyers who prefer a straightforward setup can also consider the building as an income-producing property with additional leasing opportunities, supported by the on-site parking count of 28 spaces between the lots.
Located at 2401 Broad St in Chattanooga’s Southside on one of Broad Street’s active corridors, the building sits in the South Broad TIF District. The property’s established streetscape positioning is intended to support visibility and convenient access for everyday business activity and customer visits.
This offering is well-suited for an owner-user seeking a flexible mixed-use configuration with the ability to move into an available suite while leveraging existing occupancy. Buyers who prefer a straightforward setup can also consider the building as an income-producing property with additional leasing opportunities, supported by the on-site parking count of 28 spaces between the lots.
Key Highlights
- 1910 historic mixed‑use building totaling 6,762 SF on Broad Street in Chattanooga’s Southside
- 3 existing tenant suites generating income, with an additional suite currently available for an owner‑user or lease‑up
- Total of 28 parking spaces between the lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,594
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,551,880
$1.6M
Cap Rate 7%
$1,108,486
$1.1M
Cap Rate 9%
$862,156
$862.2K
Market Conditions
NOI Build-Up for 6,762 SF
Gross rent
$121.7K $18.00/SF
− Vacancy
−$18.3K −$2.70/SF
EGI
$103.5K $15.30/SF
− OpEx
−$25.9K −$3.82/SF
NOI
$77.6K $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%
$1,551,880
Cap Rate 7%
$1,108,486
Cap Rate 9%
$862,156
Alternative Uses
Best Use
Office B
$1.11M
$969.9K – $1.29M
NOI $77,594 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$746.5K
$653.2K – $871.0K
NOI $52,257 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,539 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 37408, TN
3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Historic mixed-use building with multiple existing tenants and a currently available suite on Broad Street.
Where is this office building located?
The property is located at 2401 BROAD ST Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 1910 historic mixed‑use building totaling 6,762 SF on Broad Street in Chattanooga’s Southside; 3 existing tenant suites generating income, with an additional suite currently available for an owner‑user or lease‑up; Total of 28 parking spaces between the lots
