Renovated Historic Mixed-Use
2602 E MAIN ST Chattanooga, TN 37404
2602 E MAIN ST, Chattanooga, TN, 37404
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For Sale
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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 Market30
Property Features for 2602 E MAIN ST
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1935
Listing agency
NAI Charter Real Estate
(423) 266-1432
Listed by
Jeff Howell · License #TN 359574
Source
Crexi
Added: Jun 22 Updated: Jul 21 at 6:40AM Checked: Jul 21 at 6:40AM
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
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
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 | $243.0k | $18.00 |
| − Vacancy | −$36.5k | −$2.70 |
| EGI | $206.6k | $15.30 |
| − OpEx | −$51.6k | −$3.82 |
| NOI | $154.9k | $11.48 |
13,500 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Third Daughter Studio
(Bike/Boat/Book/etc) Store
Sleepyhead Coffee (Main+Dodds)
Cafe & Coffee Shop
Vagabond Barber Co
Barber Shop
El Paraiso
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
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
