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    1939 Central Ave Chattanooga, TN 37408

    • Retail space
    • 1,615 SF
    • 5,357.16 lot acres
    For Lease
    View listing
    Value Estimation
    $810,000
    Last Sale
    Jul 27, 2023
    $800,000
    Location Intelligence
    Property ID
    US80-1277384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Servicio El Paisano / Translation Service
    • Tienda Maya / Mexican Restaurant / Guatemalan Restaurant

    Property Details for 1939 Central Ave

    Year built
    1958
    Lot size
    5,357.16 lot acres
    Property size
    1,615 SF
    Zone code
    M1
    Property type
    Retail space
    APN
    145M V 011
    APU
    145MV011

    Description

    Central Crossing, located at 1939 Central Ave in Chattanooga, Tennessee, 37408, offers exceptional office space in a vibrant Southside neighborhood. This Class A, four-story building, completed in 2024, boasts 52,200 square feet on a 19,318 square foot lot. The property is zoned UGC and situated in Hamilton County. Multiple tenancy options are available, including traditional office, coworking, and executive office spaces, catering to diverse business needs. Currently, three ground-floor spaces totaling 6,533 square feet are available. The building's mixed-use design incorporates 32 residential units, reflecting the area's urban lifestyle appeal. Convenient on-street and onsite parking is a significant advantage in this urban setting. Central Crossing is poised to become a landmark building, reflecting Chattanooga's growth and the desirability of its Southside neighborhood. This is a rare opportunity to secure space in a newly constructed, high-quality building with excellent amenities and a prime location. The property's versatile design and sought-after location make it an ideal investment for businesses seeking a modern and dynamic workspace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $815,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $760,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $625,000
      Mixed-Use
      $775,000
      Hospitality
      $810,000
      Educational
      $805,000
      Residential Income
      $815,000
      Energy
      $690,000
      Income-Based Land
      $760,000
      Food Service
      $820,000

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2996
    Latitude
    35.0269
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,709
    $0.00
    $0.00
    $121,080
    -
    $274,000
    $28,700
    $302,700

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      607 Main St

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      100 Main St

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      1635 Rossville Ave

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      View Details
    • Value Estimation
      $890,000
      1,935 SF

      1700 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,935 SF
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      View Details

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    1939 Central Ave
    Chattanooga, TN 37408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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