Prime Retail Location in
321 Browns Ferry Rd, Chattanooga, TN 37419
High-visibility retail space near Hwy 24, ideal for diverse businesses.
Type:Office, Retail
Property size:
53,723 SFPrice / SF:
$97/SF- Added:
- Sep 30, 2021
- Days on Market:
- 1707
- Last Refresh:
- May 19 at 9:43 pm
Property Features for 321 Browns Ferry Rd
General Information
- Standard status
- Active
- Size
- 53,723 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1993
Listing agent Ashley Missel License #TN 358225
Listing office KW Commercial Chattanooga - Downtown
Listing date Sep 30, 2021
Source Crexi
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 KW Commercial Chattanooga - Downtown
HighLights
- High‑traffic location with direct access to Hwy 24, providing exceptional visibility.
- Flexible spaces suitable for retail, food, or service businesses.
- Strong local customer base due to proximity to residential neighborhoods.
- Ample parking for customers and staff.
- Proximity to shopping centers, dining, and other amenities.
- Year Built: 1993
Overview
Located at 321 Browns Ferry Rd in Chattanooga, this retail strip center offers a leasing opportunity with high visibility. The property is strategically positioned just off the Hwy 24 corridor, benefiting from substantial traffic. The location is suited for various businesses, including retail stores, restaurants, and service-based operations, with flexible spaces available in multiple sizes. The property is near established residential neighborhoods, providing a consistent customer base for everyday products and services. It is also located close to shopping centers, dining options, fitness facilities, and other attractions, which contribute to diverse foot traffic. Ample parking is available for both customers and staff. The property size is 53723 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $644.7k | $12.00 |
| − Vacancy | −$51.6k | −$0.96 |
| EGI | $593.1k | $11.04 |
| − OpEx | −$177.9k | −$3.31 |
| NOI | $415.2k | $7.73 |
53,723 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.93M
$5.19M – $6.92M
NOI $415,171 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.86M
$10.38M – $13.84M
NOI $830,549 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Dread Hollow
Escape Room Center
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload - Online Bitcoin ...
Atm
LibertyX Bitcoin ATM
Atm
MoneyGram
Bank
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3638589
- Latitude
- 35.0306706
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - High-visibility retail space near Hwy 24, ideal for diverse businesses.
Where is this shopping center located?
The property is located at 321 Browns Ferry Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: High‑traffic location with **direct access to Hwy 24, providing exceptional visibility.**; Flexible spaces suitable for retail, food, or service businesses.; Strong local customer base due to proximity to residential neighborhoods.
