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3116 Brainerd Road, Chattanooga, TN, 37411
Mixed-Use Investment Opportunity

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:
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 (±1% cap)
NOI $110,390 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M (±1% cap)
NOI $106,205 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M (±1% cap)
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

Suggested Use

Real Estate Agency Building Supply HVAC Service Kitchen & Bath Showroom Electrical Service Spa & Massage Center Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Restaurant Garden Center

Zoning and permitted uses should be independently verified with local authorities.

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.
More about this property
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