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    123 7Th St Chattanooga, TN 37402

    Sponsored
    For Lease
    $21 SF/Yr

    Charming Office Suite, Downtown Location, 1484 sq ft

    Lot size:
    17,274 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,484 square foot office suite represents the last available space within the prestigious Mayfield Annex, a Class A building constructed in 1906. Ideally situated across from the courthouse, this traditional office space offers a unique blend of historic charm and modern functionality. The open-concept layout is bathed in natural light from large windows, creating an inviting and productive work environment. A remarkable feature is the inclusion of the building's original vault, a captivating nod to its rich history as a former bank. Tenancy is multiple, with this suite being the only available space. The minimum divisible space is 1,484 square feet, and the maximum contiguous space available is also 1,484 square feet. The total building size is 17,274 square feet. Tenants enjoy shared access to a rooftop deck, providing a refreshing outdoor space for breaks and informal meetings. This property presents a rare opportunity to secure a highly desirable office space in a landmark building. Furthermore, the owner is open to selling the entire building, presenting an attractive investment opportunity for those seeking an income-producing asset. This is a unique chance to own a piece of history while establishing a thriving business.

    Property Features for 123 7Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,274 SF
    Class
    A
    Total Rate
    30229.5

    Building Details

    Year Built
    1906

    Unit(s) available at that property

    Space
    Suite 301
    Size
    1,484 SF
    Rate per SF
    $21

    HighLights

    • Class A office space in a historic building.
    • 1,484 square feet available for lease.
    • Multiple tenancy options available.
    • Building totals 17,274 square feet.
    • Building built in 1906.
    • Owner open to selling the entire building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Teach for America Education Center Hamilton County Financial ... Tax Department Mayfield Annex Corporate Office River Street Architecture ... Architecture Firm REGAL BARBERSHOP Hair Salon

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3076062
    Latitude
    35.0486416

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    FAQs

    What type of property is this?
    Office space - Charming Office Suite, Downtown Location, 1484 sq ft
    Where is this office space located?
    The property is located at 123 7Th St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Class A office space in a historic building.; 1,484 square feet available for lease.; Multiple tenancy options available.
    Request Owner's contact information
    123 7Th St Chattanooga, TN 37402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 7Th St Chattanooga, TN 37402
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