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Renovated 1920s Building with Parking
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110 Somerville Ave, Chattanooga, TN 37405

Renovated building with retail, office, and co-working spaces.

Space Size31,748 SF
Days on Market1346

Property Features for 110 Somerville Ave

General Information

Standard status Active
Size 31,748 SF
Class A
Property subtype Office
Lease Type NNN

Building Details

Building Size 31,748 SF
Year Built 1920
Tenancy Single

Spaces For Lease

at 110 Somerville Ave Contact us

Space 1

Size
31,748 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: SVN Second Story Real Estate Management
Listed By: Kelly Fitzgerald · License #339695
Source: Crexi
Added: Dec 16, 2022 Changed: Aug 23 Last Checked: Aug 23 at 3:04PM

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 SVN Second Story Real Estate Management

Investment Insights

Based on property information with market context.

This building, constructed in 1920, is undergoing renovations scheduled for completion in the summer of 2022. Architectural features include existing brick walls, large windows providing ample natural light, and wood ceilings. The development will offer co-living and co-working spaces, along with retail and office space on the ground floor. Dedicated parking is available. The property is located within walking distance of Coolidge Park, Renaissance Park, Orange Theory, Whole Foods, 24/7 Fitness, Starbucks, First Watch, Foodworks, Edley's BBQ, Chipotle, Publix, Milk and Honey, Taco Mamacita, and Mean Mug, as well as other local restaurants.

Key Highlights

  • Summer 2022 renovation completion in a historic 1920 building.
  • Plentiful natural light from large windows.
  • Dedicated parking, a rarity on the Northshore.

Property Analytics

Current Use

Pathway Lending Loan Service Shekari Law PLLC Law Firm Spurgin & Mattingly, PLLC Law Firm Tomorrow Building at Somer ... Apartment Complex Signature Real Estate ... Real Estate Agency

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Grooming Service Garden Center Computer & Electronic Repair

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

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,383
Businesses Nearby

Demographics for 37405, TN

18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
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
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Frequently Asked Questions

What type of property is this?
Coworking space - Renovated building with retail, office, and co-working spaces.
Where is this coworking space located?
The property is located at 110 Somerville Ave Chattanooga, TN.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Summer 2022 renovation completion in a historic 1920 building.; Plentiful natural light from large windows.; Dedicated parking, a rarity on the Northshore.
(423) 682-8241 Call to check price and availability
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