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Prime Location Office Space Available
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251 N Lyerly St, Chattanooga, TN 37404

Office space for rent in excellent location near hospitals.

Space Size2,269 SF
Days on Market1007

Property Features for 251 N Lyerly St

General Information

Standard status Active
Size 2,269 SF
Property subtype Office
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 251 N Lyerly St Contact us

Suite 205

Size
2,269 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: CBRE - Chattanooga
Listed By: Russell Elliott · License #206202
Source: Crexi
Added: Nov 8, 2023 Changed: Aug 10 Last Checked: Aug 9 at 10:53AM

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 CBRE - Chattanooga

Investment Insights

Based on property information with market context.

This commercial real estate offers an excellent location within one mile of all major hospitals. The property features new construction and ample surface parking. It also includes a covered patient drop-off area and excellent visibility.

Key Highlights

  • Excellent location - within one mile of all major hospitals
  • Ample surface parking
  • New construction

Property Analytics

Current Use

Cameron Golightly Physician Linda Bakker Midwife Kenneth Kokko Physician James Terrell Nunally Physician Linda Joy Bakker Midwife

Suggested Use

Top Pick Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Auto Parts Store Skin Care 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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,785
Businesses Nearby
Under-served
Demand for This Use

Demographics for 37404, TN

13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value

Market

Lease Benchmarks for Chattanooga, TN

$30.6 /SF/Yr
Avg Asking Price
$10–$264 /SF/Yr
Price Range
28,751 SF
Avg Space Size

This space is priced 2% below the average of $30.6 /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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Similar Off Market Nearby

  • Unified Technology, LLC 1400 McCallie Ave Suite 200, Chattanooga, TN 37404
  • J-tech 2502 judson ln, chattanooga, tn 37406

Frequently Asked Questions

What type of property is this?
Office space - Office space for rent in excellent location near hospitals.
Where is this office space located?
The property is located at 251 N Lyerly St Chattanooga, TN.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Excellent location - within one mile of all major hospitals; Ample surface parking; New construction
(615) 493-9223 Call to check price and availability
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