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    110 Somerville Ave Chattanooga, TN 37405

    For Lease
    $25 SF/Yr

    Historic Charm, Modern Amenities, Single Tenant

    Lot size:
    31,748 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office building, located at 110 Somerville Ave in Chattanooga, Tennessee, offers 31,748 square feet of space in a single-tenant configuration. Originally constructed in 1920 and extensively renovated in 2022, the two-story building boasts beautiful original brick walls, large windows providing abundant natural light, and attractive wood ceilings. The 5,191 square foot space is ideally suited for a single tenant seeking a prestigious address in a vibrant, walkable neighborhood. Ample dedicated parking is available on-site, a significant advantage in this desirable Northshore location. The property's prime location offers unparalleled convenience, with easy access to Coolidge Park, Renaissance Park, and a wide array of amenities including Whole Foods, Starbucks, numerous restaurants, and fitness centers, all within walking distance. The Hamilton County property (APN: 033135F F 00800P000) benefits from its proximity to other businesses, creating a thriving and dynamic environment. This is a rare opportunity to secure a beautifully renovated, historically significant office building in a highly sought-after Chattanooga location.

    Property Features for 110 Somerville Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,748 SF
    Class
    A
    Total Rate
    66141.67

    Building Details

    Year Built/Renovated
    1920/2022
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    5,191 SF
    Rate per SF
    $25

    HighLights

    • Class A office building, 31,748 square feet, single‑tenant configuration at 110 Somerville Ave, Chattanooga, TN.
    • Renovated in 2022, preserving original brick and wood features.
    • 5,191 square foot space ideal for single tenant.
    • Ample on‑site parking.
    • Prime Northshore location near Coolidge Park, Renaissance Park, Whole Foods, Starbucks, restaurants, and fitness centers.
    • Hamilton County property (APN: 033135F F 00800P000) in a thriving business environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center 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
    -85.3132091
    Latitude
    35.0640061

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Charm, Modern Amenities, Single Tenant
    Where is this office property / 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: Class A office building, 31,748 square feet, single-tenant configuration at 110 Somerville Ave, Chattanooga, TN.; Renovated in 2022, preserving original brick and wood features.; 5,191 square foot space ideal for single tenant.
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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
    110 Somerville Ave Chattanooga, TN 37405
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