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    1603 Williams St Chattanooga, TN 37416

    For Sale
    $4,631,900

    Prime Southside Retail Investment Opportunity

    Property size:
    10,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a package sale of two fully leased, income-producing retail properties totaling 10,560 to 12,600 square feet. Located in Chattanooga, Tennessee's historic Southside district, these three-story buildings boast prominent addresses at 1603 Williams Street and 1808 Cowart Street, zip code 37416, within Hamilton County. The properties benefit from their proximity to the city center, the Tennessee Riverfront, and a state university, ensuring high visibility and foot traffic. Convenient access to interstate highways is available within one mile. The properties are zoned for Urban Commercial Mixed use (UCX-3 and URA-3), offering flexibility for a variety of commercial uses. Parcel numbers are 145K-K-005 and 145K-N-017. This portfolio is ideally situated near the ongoing development at The Bend, promising continued growth and appreciation in the area. The asking price for this exceptional package is $4,631,900. This represents a rare chance to acquire a significant retail presence in a thriving, historic Chattanooga neighborhood. Don't miss this opportunity to secure a strong, income-generating asset in a rapidly developing area.

    Property Features for 1603 Williams St

    General Information

    Property type
    Retail properties
    Square Feet
    10,560 SF

    Building Details

    Stories
    3

    HighLights

    • Two‑property package sale.
    • Prime location in historic district, near downtown, riverfront, and state university.
    • Excellent interstate access (within 1 mile).
    • Fully leased, income‑generating apartment buildings.
    • Proximity to The Bend development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Dental Office Restaurant Hair Salon Realty agency Nail Salon Pharmacy Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1790404
    Latitude
    35.0863004

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    FAQs

    What type of property is this?
    Retail property - Prime Southside Retail Investment Opportunity
    Where is this retail property located?
    The property is located at 1603 Williams St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $4,631,900.
    What are key features of this property?
    This property features: Two-property package sale.; Prime location in historic district, near downtown, riverfront, and state university.; Excellent interstate access (within 1 mile).
    Request Owner's contact information
    1603 Williams St Chattanooga, TN 37416
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    Chattanooga, TN 37416
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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
    1603 Williams St Chattanooga, TN 37416
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