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    1010 Market St Chattanooga, TN 37402

    Sponsored
    For Lease
    $26 SF/Yr

    Historic building, 4,000 SF restaurant space available

    Lot size:
    36,772 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot retail/restaurant space is located at 1010 Market Street in the heart of Chattanooga, Tennessee. Situated within a historic, four-story building (36,772 total square feet) listed on the Historic Registry, this property offers a unique opportunity for a discerning tenant. Built in 1870 and extensively renovated in 2019, the space boasts a modern infrastructure while retaining its historic charm. The space is currently vacant and ready for immediate occupancy. It's a shell space with electrical, HVAC, and plumbing already stubbed in, and includes a grease trap, making it ideal for a restaurant. The floors are poured concrete slabs, and a sprinkler system is in place. The zoning is D-SH-6, and the building is located in Hamilton County, zip code 37402. Note that due to the building's historic designation, certain restrictions may apply. This property presents a rare blend of historic character and modern functionality in a prime downtown Chattanooga location. Potential tenants should be aware that this is a multi-tenant building with a maximum contiguous space of 4,000 square feet. Further details regarding construction and allowances can be obtained through the appropriate channels.

    Property Features for 1010 Market St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,772 SF
    Class
    B
    Total Rate
    79672.67

    Building Details

    Year Built/Renovated
    1870/2019
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 102
    Size
    4,000 SF
    Rate per SF
    $26
    Property Profile Location Intelligence

    Current Use by Public Records

    Stephen J Jones ... Attorney Cory Leslie A Attorney TransCard Business To Business Service Mc Dougal John ... Attorney Arvin H. Reingold. Insurance Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3091199
    Latitude
    35.044573

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    FAQs

    What type of property is this?
    Restaurant - Historic building, 4,000 SF restaurant space available
    Where is this restaurant located?
    The property is located at 1010 Market St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    Request Owner's contact information
    1010 Market St Chattanooga, TN 37402
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    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
    1010 Market St Chattanooga, TN 37402
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