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    307 Walnut St Chattanooga, TN 37403

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Office Space, 5 Units Available

    Lot size:
    12,989 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Chattanooga, TN property, located at 307 Cherry St and 315 Walnut St, offers 12,989 square feet of vacant executive office space across three buildings. The property, completed in 2021, features a total of 327 parking spaces, providing ample parking for tenants and clients. Units range from 1,263 to 4,477 contiguous square feet, offering flexibility for various business needs. Situated in the heart of downtown, this highly visible location boasts excellent walkability and proximity to major employers and hotels, including easy access to the Walnut Street Bridge and the Northshore neighborhood. The space is currently a cold dark shell, but the landlord offers tenant improvement allowances based on lease terms, creditworthiness, and operational experience. The property is in Hamilton County, TN, zip code 37403. This is a multi-tenant property with a two-story building configuration.

    Property Features for 307 Walnut St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,989 SF
    Total Rate
    21648.33

    Building Details

    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    Building B: 155 E. 4th Street
    Size
    1,728 SF
    Rate per SF
    $20
    Space
    Building B: 171 E. 4th Street
    Size
    1,763 SF
    Rate per SF
    $20
    Space
    Building B: 133 E. 4th Street
    Size
    1,870 SF
    Rate per SF
    $20
    Space
    Building A: 89 E 4th Street
    Size
    1,263 SF
    Rate per SF
    $22
    Space
    187 E 4th St
    Size
    2,082 SF
    Rate per SF
    $22

    HighLights

    • 1,263 - 4,637 SF of first‑floor space available with excellent 4th Street frontage.
    • Ample tenant and client parking via adjacent 327‑space parking garage and street parking.
    • Minutes from Highway 27 (81,902 AADT).
    • Located at a signalized intersection (Cherry St & 4th St).
    • High traffic count: 15,332 AADT.
    • Proximity to major employers: Erlanger, BlueCross BlueShield TN, TVA, Unum, UTC, EPB, Kenco, and City of Chattanooga.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy 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
    -85.308088
    Latitude
    35.052991

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 5 Units Available
    Where is this office property / space located?
    The property is located at 307 Walnut St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $20-$22 SF/Yr.
    What are key features of this property?
    This property features: 1,263 - 4,637 SF of first-floor space available with excellent 4th Street frontage.; Ample tenant and client parking via adjacent 327-space parking garage and street parking.; Minutes from Highway 27 (81,902 AADT).
    Request Owner's contact information
    307 Walnut St Chattanooga, TN 37403
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    Chattanooga, TN 37403
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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
    307 Walnut St Chattanooga, TN 37403
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