Prime Commercial Building in
300 Forest Avenue Chattanooga, TN 37405
300 Forest Avenue, Chattanooga, TN, 37405
Contact for pricing
For Sale
Contact for pricing
All-brick, two-level commercial building in the heart of North Shore.
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$312.50
Days on Market77
Property Features for 300 Forest Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1982
Listing Agency
Crye-Leike, REALTORS
(706) 537-1300
Listed by
Shirley Moore · License #TN 281776
Source
Crexi
Added: May 1 Checked: Jul 16 at 8:37 am
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 Crye-Leike, REALTORS
Investment Insights
Based on property information with market context.
Located in the heart of North Shore Chattanooga, this all-brick commercial building offers a prime opportunity. Situated on a corner lot, the property is near the Walnut Street Bridge and Coolidge Park, providing visibility, accessibility, and walkability within a desirable business district. The two-level office building has 4,000 square feet of space and has been home to a law practice for over 20 years. The building is designed for flexibility, featuring two separate 2,000-square-foot spaces, each with a private entrance, and interior access connecting both levels. Inside, there are multiple private offices, conference rooms, storage areas, and a kitchenette, with restrooms on both floors. The layout supports various professional uses and can be configured for single or multi-tenant occupancy. The property includes a rear parking lot with approximately 14 to 16 dedicated spaces. The current owner-occupant will vacate prior to closing, allowing for immediate occupancy or repositioning. This property is suitable for an owner-occupant seeking a flagship location or an investor looking for a high-demand asset in a thriving downtown corridor.
Key Highlights
- Prime location in the heart of North Shore Chattanooga, steps from Walnut Street Bridge and Coolidge Park, offering unmatched visibility and walkability.
- Spacious rear parking lot with approximately 14–16 dedicated spaces, a rare amenity in this area.
- 4,000± SF two‑level all‑brick commercial building on nearly half an acre.
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 | $72.0k | $18.00 |
| − Vacancy | −$10.8k | −$2.70 |
| EGI | $61.2k | $15.30 |
| − OpEx | −$15.3k | −$3.82 |
| NOI | $45.9k | $11.48 |
4,000 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$655.7K
$573.8K – $765.0K
NOI $45,900 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$883.4K
$773.0K – $1.03M
NOI $61,839 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Law Offices of Robert ...
Law Firm
Alt William
Law Firm
Caudle C George
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - All-brick, two-level commercial building in the heart of North Shore.
Where is this office building located?
The property is located at 300 Forest Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in the heart of North Shore Chattanooga, steps from Walnut Street Bridge and Coolidge Park, offering unmatched visibility and walkability.; Spacious rear parking lot with approximately 14–16 dedicated spaces, a rare amenity in this area.; 4,000± SF two‑level all‑brick commercial building on nearly half an acre.
