Renovated Historic Mixed-Use
For Sale
Contact for pricing
2602 E MAIN ST, Chattanooga, TN 37404
Fully renovated historic mixed-use building offering modern amenities and strong visibility on East Main Street.
Property Size13,500 SF
Price / SF$162.96
Days on Market122
Property Features for 2602 E MAIN ST
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Retail, Office, Mixed Use
Zoning
C-C
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1935
Year Renovated
2022
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
NAI Charter Real Estate
Listed By:
Jeff Howell · License #TN 359574
(423) 266-1432
Source:
Crexi
Added: Jun 22
Changed: Oct 21
Last Checked: Oct 20 at 8:46PM
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 NAI Charter Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historically styled mixed-use building has been fully renovated to preserve its character while adding modern amenities. The result is a ready-to-occupy option for businesses seeking a maintained, character-forward property with contemporary functionality.
The building is strategically positioned on East Main Street, benefiting from strong visibility and convenient access to surrounding neighborhoods and downtown. It is also close to Mill Town Redevelopment and the McCallie Campus, supporting foot-traffic potential from nearby activity.
With its central East Main Street address and newly refreshed interior, the property is well suited for a variety of commercial uses within a renovated, historic framework.
The building is strategically positioned on East Main Street, benefiting from strong visibility and convenient access to surrounding neighborhoods and downtown. It is also close to Mill Town Redevelopment and the McCallie Campus, supporting foot-traffic potential from nearby activity.
With its central East Main Street address and newly refreshed interior, the property is well suited for a variety of commercial uses within a renovated, historic framework.
Key Highlights
- Historic mixed‑use building built in 1935
- Fully renovated to maintain its character while adding modern amenities
- Located on East Main Street with strong visibility and convenient access to surrounding neighborhoods and downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,913
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,098,260
$3.1M
Cap Rate 7%
$2,213,043
$2.2M
Cap Rate 9%
$1,721,256
$1.7M
Market Conditions
NOI Build-Up for 13,500 SF
Gross rent
$243.0K $18.00/SF
− Vacancy
−$36.5K −$2.70/SF
EGI
$206.6K $15.30/SF
− OpEx
−$51.6K −$3.82/SF
NOI
$154.9K $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%
$3,098,260
Cap Rate 7%
$2,213,043
Cap Rate 9%
$1,721,256
Alternative Uses
Best Use
Office B
$2.21M
$1.94M – $2.58M
NOI $154,913 @ 7.0% cap · market cap 7.04%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,708 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated historic mixed-use building offering modern amenities and strong visibility on East Main Street.
Where is this retail space located?
The property is located at 2602 E MAIN ST Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Historic mixed‑use building built in 1935; Fully renovated to maintain its character while adding modern amenities; Located on East Main Street with strong visibility and convenient access to surrounding neighborhoods and downtown
