Character-Driven Commercial Storefront
2432 Glass St, Chattanooga, TN 37406
For Sale
Contact for pricing
Authentic industrial storefront on Glass Street corridor, Chattanooga.
Property Size4,988 SF
Price / SF$118.28
Days on Market260
Property Features for 2432 Glass St
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Brockman Missel · License TN #358225
Source:
Crexi
Added: Feb 23
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 KW Commercial Chattanooga - Downtown
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Investment Insights
Based on property information with market context.
This brick storefront, situated along the Glass Street corridor, presents an authentic industrial aesthetic. The space features exposed brick walls, steel trusses, soaring ceilings, polished concrete floors, and expansive storefront glass that fills the interior with natural light. The open floor plan provides flexibility for retail, creative office, studio, gallery, fitness, nonprofit, or event-driven concepts. The industrial ceiling height and exposed structural elements create an architectural backdrop suited for experiential and community-focused operators. Front-facing glass doors deliver direct pedestrian access and visibility along the corridor, while the open interior configuration allows for adaptable buildout depending on operational needs. The property, encompassing 4988 square feet, is suited for businesses seeking character, authenticity, and a neighborhood-serving presence in Chattanooga’s evolving urban core.
Key Highlights
- Authentic industrial aesthetic with exposed brick walls, steel trusses, and soaring ceilings.
- Expansive storefront glass providing natural light and street visibility.**
- Adaptable open floor plan suitable for various commercial uses (retail, office, studio, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,547
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,940
$770.9K
Cap Rate 7%
$550,671
$550.7K
Cap Rate 9%
$428,300
$428.3K
Market Conditions
NOI Build-Up for 4,988 SF
Gross rent
$59.9K $12.00/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$55.1K $11.04/SF
− OpEx
−$16.5K −$3.31/SF
NOI
$38.5K $7.73/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,940
Cap Rate 7%
$550,671
Cap Rate 9%
$428,300
Alternative Uses
Best Use
Mixed Use
$786.7K
$688.4K – $917.8K
NOI $55,068 @ 7.0% cap · market cap 9.33%
Second Best
Retail
$550.7K
$481.8K – $642.5K
NOI $38,547 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.10M
$963.9K – $1.29M
NOI $77,114 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
IGA
Groceries
3,465 visits/mo
0.2 miles
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Check the figures for this property
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Market
Properties on Market for Mixed-use properties in Chattanooga
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Authentic industrial storefront on Glass Street corridor, Chattanooga.
Where is this mixed-use property located?
The property is located at 2432 Glass St Chattanooga, TN.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Authentic industrial aesthetic with **exposed brick walls, steel trusses, and soaring ceilings.**; Expansive storefront glass providing natural light and street visibility.**; Adaptable open floor plan suitable for various commercial uses (retail, office, studio, etc.).
