Prime Downtown Chattanooga Commercial
32 E Main St Chattanooga, TN 37408
32 E Main St, Chattanooga, TN, 37408
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For Sale
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Exceptional commercial space in Chattanooga's desirable Southside District.
Property Size5,038 SF
Price / SF$267.96
Days on Market614
Property Features for 32 E Main St
General Information
- Standard status
- Active
- Size
- 5,038 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing Agency
KW Commercial Chattanooga - Downtown
Listed by
Brockman Missel · License #TN 358225
Source
Crexi
Added: Nov 11, 2024 Checked: Jul 17 at 7:50 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 KW Commercial Chattanooga - Downtown
Investment Insights
Based on property information with market context.
Located in the heart of the dynamic Southside District of Downtown Chattanooga, the commercial property at 32 E Main Street offers an exceptional opportunity to secure prime real estate in one of the city’s most desirable and fast-growing neighborhoods. This commercial space offers high visibility and excellent foot traffic, and is within walking distance of amenities. The Southside is a thriving hub, home to a unique mix of local businesses, restaurants, art galleries, and entertainment venues. The property is located steps away from spots like The Chattanooga Choo Choo, West Village, and the Chattanooga Brewing Company. The area is also known for its vibrant arts scene, including the Hunter Museum of American Art and The Arts Build Community Gallery. The property is centrally located with easy access to I-24 and I-75, making it convenient for commuters and visitors. The location offers access to local cafés, trendy restaurants, and Ross’s Landing along the Tennessee River. The property offers the opportunity to be part of the Southside’s growth. The property has a size of 5038 square feet.
Key Highlights
- Prime commercial property in the heart of Chattanooga's desirable and fast‑growing Southside District.
- High visibility and excellent foot traffic location.
- Walking distance to popular amenities, restaurants, and entertainment venues like The Chattanooga Choo Choo and Chattanooga Brewing Company.
Local Financial Insights For Retail
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 | $60.5k | $12.00 |
| − Vacancy | −$4.8k | −$0.96 |
| EGI | $55.6k | $11.04 |
| − OpEx | −$16.7k | −$3.31 |
| NOI | $38.9k | $7.73 |
5,038 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$556.2K
$486.7K – $648.9K
NOI $38,934 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.6K – $1.30M
NOI $77,887 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Exceptional commercial space in Chattanooga's desirable Southside District.
Where is this storefront property located?
The property is located at 32 E Main St Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime commercial property in the heart of Chattanooga's desirable and fast‑growing Southside District.; High visibility and excellent foot traffic location.; Walking distance to popular amenities, restaurants, and entertainment venues like The Chattanooga Choo Choo and Chattanooga Brewing Company.
