Free-Standing Brick Mixed-Use
For Sale
Contact for pricing
2502 Cummings Hwy, Chattanooga, TN 37419
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$297.86
Days on Market211
Property Features for 2502 Cummings Hwy
General Information
Standard status
Active
Size
2,669 SF
Class
A
Property subtype
Mixed Use, Office, Retail
Zoning
C-C
Additional Details
Grease Trap
Yes
Building Details
Year Built
1956
Buildings
1
Stories
1
Units
1
Construction
brick
Listing Agency:
SVN Second Story Real Estate Management
Listed By:
Chandler Hale · License #TN 371055
(423) 682-8241
Source:
Crexi
Added: Mar 25
Changed: Oct 15
Last Checked: Oct 20 at 9:03PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,466
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,320
$589.3K
Cap Rate 7%
$420,943
$420.9K
Cap Rate 9%
$327,400
$327.4K
Market Conditions
NOI Build-Up for 2,669 SF
Gross rent
$51.2K $19.20/SF
− Vacancy
−$4.1K −$1.54/SF
EGI
$47.1K $17.66/SF
− OpEx
−$17.7K −$6.62/SF
NOI
$29.5K $11.04/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,320
Cap Rate 7%
$420,943
Cap Rate 9%
$327,400
Alternative Uses
Best Use
Mixed Use
$420.9K
$368.3K – $491.1K
NOI $29,466 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$294.7K
$257.8K – $343.8K
NOI $20,626 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$589.5K
$515.8K – $687.7K
NOI $41,262 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 37419, TN
6,438
Population
2,952
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
49.0 sq mi
ZIP Area
131
Density / Sq Mi
$86,029
Median Household Income
$51,528
Median Earnings
$979
Median Rent
$302,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $795,000.
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
