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    164 31St St Chattanooga, TN 37410

    Sponsored
    For Lease
    $6 SF/Yr

    Modern flex space, multiple suites, 72,000 SF vacant.

    Lot size:
    156,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 164 W 31st St, Chattanooga, TN 37410, offers a unique opportunity for businesses seeking flexible and adaptable space. The property consists of two single-story buildings totaling 156,312 square feet, built in 1956 and extensively renovated in 2021. Currently, 72,000 square feet of space is immediately available, divisible into units as small as 11,000 square feet, with a maximum contiguous space of 35,533 square feet. The property features a 20-foot ceiling height, seven loading docks with seven dock-high doors, one drive-in door, and ample parking for 20+ vehicles. Situated on a 5.25-acre lot with 175 feet of frontage on Alton Park Blvd, the property boasts convenient access and excellent visibility. The property is zoned M-1 and has a Class B rating. Property taxes are $0.24 per square foot. This versatile space is suitable for manufacturing, flex, warehouse, distribution, and R&D uses, making it an ideal location for a variety of businesses. Six total suites are available across the two buildings. The property's location in Chattanooga, Tennessee provides access to a strong workforce and excellent transportation infrastructure. Don't miss this chance to secure prime industrial space in a thriving market.

    Property Features for 164 31St St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,312 SF
    Class
    B
    Total Rate
    78156

    Building Details

    Year Built/Renovated
    1956/2021
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 126
    Size
    29,987 SF
    Rate per SF
    $8
    Space
    3140 Alton Park Blvd.
    Size
    47,000 SF
    Rate per SF
    $7

    HighLights

    • Downtown Chattanooga location.
    • Heavy industrial (M‑1) zoning.
    • Less than half‑mile to I‑24.
    • 20‑foot clear ceiling height.
    • New roof (2021).
    • Direct rail access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sentinel Commercial Properties ... Real Estate Agency The Kickoff Publisher

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.31325237
    Latitude
    35.01681146

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    FAQs

    What type of property is this?
    Life science property - Modern flex space, multiple suites, 72,000 SF vacant.
    Where is this life science property located?
    The property is located at 164 31St St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $7-$8 SF/Yr.
    What are key features of this property?
    This property features: Downtown Chattanooga location.; Heavy industrial (M-1) zoning.; Less than half-mile to I-24.
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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
    164 31St St Chattanooga, TN 37410
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