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Downtown Chattanooga Retail/Office Space
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307 Cherry St and 315 Walnut Street, Chattanooga, TN 37403

Prime location for office, retail, and service businesses.

Space Size1,263 SF - 2,082 SF
Property Size12,989 SF
Days on Market1150

Property Features for 307 Cherry St and 315 Walnut Street

General Information

Standard status Active
Size 1,263 SF - 2,082 SF
Total Parking Spaces 327
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 12,989 SF
Tenancy Multiple

Spaces For Lease

at 307 Cherry St and 315 Walnut Street Contact us

187 E 4th St

Size
2,082 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Available Space 8

Size
2,027 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Building A: 89 E 4th Street

Size
1,263 SF
Type
Office, Retail
Availability
Active
Contact us

Building B: 133 E. 4th Street

Size
1,870 SF
Type
Office, Retail
Availability
Active
Contact us

Building B: 155 E. 4th Street

Size
1,728 SF
Type
Office, Retail
Availability
Active
Contact us

Building B: 171 E. 4th Street

Size
1,763 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: SVN Second Story Real Estate Management
Listed By: Kelly Fitzgerald · License #339695
Source: Crexi
Added: Jul 13, 2023 Changed: Aug 14 Last Checked: Sep 2 at 2:54AM

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.

Located in downtown Chattanooga, this property is suitable for office, retail, and service businesses. Completed in 2021, the building includes 163 apartments that are 96% occupied, with an average rent of $2000 per month. Parking is available in the garage for tenants and their clients, with additional street parking available. The property offers high visibility in a walkable area, adjacent to major downtown employers and multiple hotels. It is located minutes from the Walnut Street walking bridge, providing access to the Northshore neighborhood. The existing space is a cold dark shell, and the landlord has a budget for tenant improvements based on the lease term, credit, and operational experience of the tenant.

Key Highlights

  • Prime downtown Chattanooga location suitable for office, retail, or services.
  • Completed in 2021, offering modern construction.
  • High visibility in a highly walkable area near major employers and hotels.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Garden Center Florist Tanning Salon Veterinary Clinic

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,035
Businesses Nearby

Demographics for 37403, TN

5,666
Population
2,394
Households
2.4
Avg Household Size
26
Median Age
49%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
3,333
Density / Sq Mi
$65,750
Median Household Income
$12,410
Median Earnings
$1,253
Median Rent
$444,000
Median Home Value

Market

Lease Benchmarks for Chattanooga, TN

$21.91 /SF/Yr
Avg Asking Price
$14–$29.87 /SF/Yr
Price Range
26,874 SF
Avg Space Size

This space is priced 9% below the average of $21.91 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Prime location for office, retail, and service businesses.
Where is this retail space located?
The property is located at 307 Cherry St and 315 Walnut Street Chattanooga, TN.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Prime downtown Chattanooga location suitable for office, retail, or services.; Completed in 2021, offering modern construction.; High visibility in a highly walkable area near major employers and hotels.
(423) 682-8241 Call to check price and availability
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