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OFF-MARKET
Specialty properties

1401 Fort St Chattanooga, TN 37402

29,800 SF 0.15 ac lot Built 1924
Property ID
Property summary
AI-generated overview

The Turnbull Building, a stunning 29,800 square foot mixed-use property in Chattanooga, Tennessee, presents a unique investment opportunity. Originally constructed in 1924 and extensively renovated in 2017, this four-story building boasts a blend of historic charm and modern functionality. The first and second floors offer versatile office and storage space, ideal for businesses seeking a unique and inspiring environment. The upper two floors are currently configured as an elegant wedding venue, capitalizing on the building's inherent character and prime location. The building retains its original open warehouse layout, featuring robust wooden timber and beam supports, while meeting current building codes thanks to the 2017 renovation, which included upgrades to fire sprinklers, ADA compliance, plumbing, electrical systems, and the addition of an elevator. Situated on a 0.15-acre lot in Chattanooga's Opportunity Zone, the property benefits from favorable U-CX-4 zoning and offers excellent investment incentives. Its central location, just a block from highway access and near major development areas like The Bend and the Chattanooga Riverfront, ensures high visibility and accessibility. The property includes 10 parking spaces, with ample additional parking readily available nearby. This exceptional commercial complex offers a rare opportunity to own a piece of Chattanooga's history, combining historic character with modern amenities. The asking price is $7,000,000, with a price per square foot of $234.90.

Property profile
Verified
Property type Specialty properties
Year built 1924
Total area 29,800 SF
Lot 0.15 ac (6,534 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Turnbull Building Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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