111 8Th St Chattanooga, TN 37402
- Office Properties & Spaces
- 6,000 SF
- 0.05 lot acres
Current Use by Public Records
- Legends Homeowners Association / Association / Organization
- Riviera Villas Owners Association, Inc. / Association / Organization
- Hampton Creek Owners Association / Association / Organization
- AAT Carriers / Mover
Property Details for 111 8Th St
- Year built
- 1920
- Lot size
- 0.05 lot acres
- Property size
- 6,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional investment opportunity presents a fully leased, 6,000 square foot office building located at 111 E 8th St in Chattanooga, Tennessee. The property, built in 1920, is a three-story Class B building situated on a 0.05-acre lot and zoned D-CX-8. Currently occupied by a single tenant under a modified gross lease with a corporate guarantee, offering significant financial stability. The lease, with a remaining term of nine years, expires November 30, 2033, providing long-term income security. The building's strong financial performance is reflected in its current Net Operating Income (NOI) of $94,200, resulting in a 6.28% cap rate based on the asking price of $1,500,000. This prime location in the heart of downtown Chattanooga offers high visibility and easy access to major highways and public transportation, benefiting from a thriving business community and proximity to numerous retailers. The property presents a compelling investment opportunity, ideal for both income generation and potential future redevelopment within a high-demand area of the rapidly growing Southeast. The building's history and location combine to create a unique opportunity in a dynamic market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.308
- Latitude
- 35.0471
