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Historic Downtown Mixed-Use Buildings
For Sale
Contact for pricing
Pending

621 Market St, Chattanooga, TN 37402

Two four-story buildings offer flexible redevelopment potential with new roofs and original architectural details.

Property Size54,000 SF
Days on Market142

Property Features for 621 Market St

General Information

Standard status Pending
Size 54,000 SF
Property subtype Hospitality, Mixed Use, Multifamily, Office

Additional Details

Opportunity Zone Yes
Road Access Yes

Amenities

brick walls
high ceilings
hardwood floors
arched windows

Building Details

Buildings 2
Stories 4
Building Size 54,000 SF
Construction brick
Listing Agency: Keller Williams Realty Greater Downtown
Listed By: Lisa Brown · License #147873
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 9:27PM

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 Keller Williams Realty Greater Downtown

Investment Insights

Based on property information with market context.

This offering includes two historic buildings totaling 54,000 square feet in downtown Chattanooga. Each structure rises four floors and includes a full-length basement, creating substantial space for repositioning within a mixed-use format. New roofs have been installed on both buildings. Existing character includes exposed brick walls, high ceilings, hardwood floors, and period arched windows with scenic views. Passenger and freight elevator shafts are present in both buildings.

The property occupies frontage on Market and Broad Street, with each building extending 200 feet in length. It is located in Opportunity Zone 54 and sits between 6th and 7th Streets. Parking garages are located across the street and offer monthly rental lease opportunities. The basement areas may accommodate future parking additions, subject to applicable approvals.

Key Highlights

  • 54,000 square feet across two historic downtown buildings
  • Two 4‑floor buildings, each with a full‑length basement
  • New roofs installed on both buildings

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Butcher Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store Florist Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,854
Businesses Nearby

Demographics for 37402, TN

4,464
Population
3,207
Households
1.4
Avg Household Size
38
Median Age
30%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
3,434
Density / Sq Mi
$28,829
Median Household Income
$42,515
Median Earnings
$673
Median Rent
$460,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two four-story buildings offer flexible redevelopment potential with new roofs and original architectural details.
Where is this mixed-use property located?
The property is located at 621 Market St Chattanooga, TN.
What are key features of this property?
This property features: 54,000 square feet across two historic downtown buildings; Two 4‑floor buildings, each with a full‑length basement; New roofs installed on both buildings
(423) 432-2100 Call to check price and availability
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