Technical
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Property profile

2939 Cummings Hwy Chattanooga, TN 37419

OFF-MARKET
Specialty properties
7,900 SF Built 1952
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 2939 Cummings Highway in Chattanooga, Tennessee, presents a compelling investment opportunity. The property encompasses approximately 8,000 square feet across two buildings, each two stories high, boasting 9-foot ceilings. Built in 1952, this Class B property features a blend of storefront and traditional office space, ideal for a variety of uses. The property includes a currently operating antique store and a remodeled one-bedroom, one-bathroom residential unit, offering potential rental income or live/work flexibility. Conveniently situated near the intersection of Browns Ferry Road and I-24 exit 171 (US Highway 41), this location benefits from high visibility and accessibility. Ample parking is available, with eight spaces in front and an additional 12-14 spaces in the rear. The property features side access from Cummings Highway to a rear alley. Significant improvements have been made, including a roof replacement in 2011 and a three-year-old HVAC unit. Upstairs storage is also available. The property is zoned C2 and is less than five miles from downtown Chattanooga, placing it within close proximity to the new ballpark and multi-use site off I-24. This prime location, combined with the existing income-generating potential and versatile space, makes this a truly unique investment opportunity. Asking price is $800,000.

Property profile

Verified
Property type Specialty properties
Year built 1952
Total area 7,900 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store
  • Government Office

Location

2939 Cummings Hwy Chattanooga, TN 37419
Chattanooga metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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