Mixed-Use Investment
3116 Brainerd Road Chattanooga, TN 37411
For Sale
$1,300,000
Multi-use property with office, retail, and restaurant spaces.
Property Size9,620 SF
Lot Size0.48 Acres
Price / SF$135.14
Days on Market141
Property Features for 3116 Brainerd Road
General Information
- Standard status
- Active
- Size
- 9,620 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing Agency:
(770) 335-2672
Listed By:
Cage Gary, CCIM · License #TN #370241
Source:
Svn
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 25 at 6:25AM
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 Cage Gary, CCIM
Investment Insights
Based on property information with market context.
This property presents a multi-use investment opportunity, featuring three distinct revenue streams. The upper level is configured as office space, including multiple private offices, restrooms, and a kitchenette, suitable for long-term office tenants. A separate retail suite, accessible from the side of the building and equipped with its own restroom, provides an additional leasable unit for retail, service businesses, or a small independent operation. The main level houses a fully equipped restaurant and event space, complete with a commercial kitchen, stage area, and multiple restrooms, offering potential for a food-and-beverage tenant or owner-operator. The property allows for maximized income, diversified tenancy, and benefits from visibility along a high-traffic corridor. The building, constructed in 1930 and renovated in 1980, is approximately 9,620 square feet on two levels and is zoned C-2, allowing flexibility for various uses. The lower level, previously a restaurant and event venue, includes seating for up to 200 people, a stage area, a commercial kitchen, and five restrooms. The upper level is designed for office use, featuring eight private offices, a kitchenette, two restrooms, and its own HVAC system, with entrance options from the front and rear. A small side retail space has its own entrance and restroom. An additional 0.48-acre parcel behind the building is suitable for more parking or future development. With visibility along Brainerd Road and access to I-75, Highway 24, and downtown, the property is suited for office, retail, or mixed-use ventures seeking a strategic location.
Key Highlights
- Strong multi‑use investment opportunity with three distinct revenue streams (office, retail, restaurant/event space).
- Strategic, flexible location with high visibility along Brainerd Road and quick access to I‑75, Highway 24, and downtown Chattanooga.
- C‑2 zoning provides flexibility for a wide range of uses.
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 | $173.2k | $18.00 |
| − Vacancy | −$26.0k | −$2.70 |
| EGI | $147.2k | $15.30 |
| − OpEx | −$36.8k | −$3.82 |
| NOI | $110.4k | $11.48 |
9,620 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,390 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,205 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,724 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Locnesst
Hair Salon
Wright & Woodward PLLC
Law Firm
FAQs
What type of property is this?
Mixed-use property - Multi-use property with office, retail, and restaurant spaces.
Where is this mixed-use property located?
The property is located at 3116 Brainerd Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strong multi‑use investment opportunity with three distinct revenue streams (office, retail, restaurant/event space).; Strategic, flexible location with high visibility along Brainerd Road and quick access to I‑75, Highway 24, and downtown Chattanooga.; C‑2 zoning provides flexibility for a wide range of uses.