Prime Downtown Chattanooga Commercial
For Sale
Contact for pricing
32 E Main St, Chattanooga, TN 37408
Exceptional commercial space in Chattanooga's desirable Southside District.
Property Size5,038 SF
Price / SF$197.50
Days on Market705
Property Features for 32 E Main St
General Information
Standard status
Active
Size
5,038 SF
Property subtype
Retail
Zoning
U-SH-4
Building Details
Year Built
1986
Buildings
1
Stories
2
Units
1
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Brockman Missel · License #GA 374144
Source:
Crexi
Added: Nov 11, 2024
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,934
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,680
$778.7K
Cap Rate 7%
$556,200
$556.2K
Cap Rate 9%
$432,600
$432.6K
Market Conditions
NOI Build-Up for 5,038 SF
Gross rent
$60.5K $12.00/SF
− Vacancy
−$4.8K −$0.96/SF
EGI
$55.6K $11.04/SF
− OpEx
−$16.7K −$3.31/SF
NOI
$38.9K $7.73/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,680
Cap Rate 7%
$556,200
Cap Rate 9%
$432,600
Alternative Uses
Best Use
Retail
$556.2K
$486.7K – $648.9K
NOI $38,934 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.6K – $1.30M
NOI $77,887 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,316
Businesses Nearby
105k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Shops & Services 29%
Hotels & Casinos 24%
Dining 1%
Food City
Groceries
40,182 visits/mo
0.3 miles
Circle K
Shops & Services
15,326 visits/mo
0.4 miles
Moxy Chattanooga Downtown
Hotels & Casinos
10,917 visits/mo
0.2 miles
The Chattanoogan Hotel, Curio Collection By Hilton
Hotels & Casinos
10,245 visits/mo
0.4 miles
Gordon Food Service
Groceries
8,981 visits/mo
0.4 miles
Demographics for 37408, TN
3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- joy's florist — 1332 Passenger St, Chattanooga, TN 37408
- SameDay-FlowerDelivery — 1200 market st, chattanooga, tn 37402
Frequently Asked Questions
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 $995,000.
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.
