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    191 Walnut St Chattanooga, TN 37403

    Sponsored
    For Sale
    $825,000

    Prime location, flexible space, high ceilings.

    Property size:
    1,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,080-square-foot commercial space in downtown Chattanooga, Tennessee, presents a rare opportunity for owner-users or investors. Located at 191 Walnut St, in the Museum Bluffs area, this Class A property boasts a prime location on the corner, offering direct access via two entrances from a cobblestone terrace shared with a luxury hotel and the Walnut Street Walking Bridge. Built in 2009 and renovated in 2011, the space features 20-foot ceilings (16 feet to the existing ceiling tiles, with 4 feet of additional height), allowing for the potential creation of a second-story loft. The open floor plan is filled with natural light from oversized commercial-grade windows. Amenities include polished concrete floors, one oversized bathroom, cabinetry, a sink, refrigerator, and washer/dryer hookups. EPB Fiber Optics provides high-speed internet access. The property is zoned R-RV-4 | River View Zone and includes one parking space in a secure gated garage. On-street parking is also available. The space's high visibility and foot traffic make it ideal for various uses, including retail, office, salon, cafe, or creative space. Salon equipment and furniture are negotiable. The asking price is $825,000 ($763.89 per square foot).

    Property Features for 191 Walnut St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,080 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2009/2011

    HighLights

    • $825,000 asking price for a 1,080 sq ft Class A mixed‑use property in downtown Chattanooga, TN.
    • Prime location on Walnut Street, near the Walnut Street Bridge and Edwin Hotel.
    • High visibility with two street‑level entrances and signage opportunities.
    • Versatile space suitable for retail, office, restaurant, or salon use; currently a salon.
    • Features 20‑foot ceilings, polished concrete floors, and abundant natural light; one parking space included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Spa & Massage Hair Salon Dental Office Restaurant Nail Salon Daycare Center Building Supply Auto Repair Shop Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3077909
    Latitude
    35.054967

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, flexible space, high ceilings.
    Where is this individual retail property located?
    The property is located at 191 Walnut St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: $825,000 asking price for a 1,080 sq ft Class A mixed-use property in downtown Chattanooga, TN.; Prime location on Walnut Street, near the Walnut Street Bridge and Edwin Hotel.; High visibility with two street-level entrances and signage opportunities.
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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
    191 Walnut St Chattanooga, TN 37403
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