Free-Standing Brick Mixed-Use
2502 Cummings Hwy Chattanooga, TN 37419
2502 Cummings Hwy, Chattanooga, TN, 37419
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For Sale
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Recently renovated free-standing brick building with a new HVAC system, new roof, and grease trap on a high-traffic retail corridor.
Property Size2,669 SF
Price / SF$335.33
Days on Market119
Property Features for 2502 Cummings Hwy
General Information
- Standard status
- Active
- Size
- 2,669 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1956
Listing agency
SVN Second Story Real Estate Management
(423) 682-8241
Listed by
Nicholas Petras · License #373810
Source
Crexi
Added: Mar 25 Updated: Jul 21 at 2:43PM Checked: Jul 21 at 2:43PM
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.
This free-standing brick mixed-use building has been fully gutted and completely renovated, with a new HVAC system and a new roof. The property is presented as a turnkey option for a range of uses, and it is also equipped with a grease trap, which can support restaurant or food-service operations.
Located in the heart of the Lookout Valley retail corridor on Cummings Hwy in Chattanooga, the building is positioned for visibility in a high-traffic commercial area.
As an owner-operator or investor footprint in a mixed-use setting, the property’s renovated interior condition and food-service readiness make it a practical choice for prospective tenants and buyers seeking an adaptable building.
Located in the heart of the Lookout Valley retail corridor on Cummings Hwy in Chattanooga, the building is positioned for visibility in a high-traffic commercial area.
As an owner-operator or investor footprint in a mixed-use setting, the property’s renovated interior condition and food-service readiness make it a practical choice for prospective tenants and buyers seeking an adaptable building.
Key Highlights
- Free‑standing brick building built in 1956
- Recently gutted and completely renovated
- New HVAC system and new roof
Local 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 | $48.0k | $18.00 |
| − Vacancy | −$7.2k | −$2.70 |
| EGI | $40.8k | $15.30 |
| − OpEx | −$10.2k | −$3.82 |
| NOI | $30.6k | $11.48 |
2,669 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.5K
$382.8K – $510.5K
NOI $30,627 @ 7.0% cap · market cap 3.42%
Second Best
Mixed Use
$420.9K
$368.3K – $491.1K
NOI $29,466 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$589.5K
$515.8K – $687.7K
NOI $41,262 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lanewood Studio
Marketing & Advertising
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FAQs
What type of property is this?
Mixed-use property - Recently renovated free-standing brick building with a new HVAC system, new roof, and grease trap on a high-traffic retail corridor.
Where is this mixed-use property located?
The property is located at 2502 Cummings Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Free‑standing brick building built in 1956; Recently gutted and completely renovated; New HVAC system and new roof
