1437 Market St Chattanooga, TN 37402
- Retail space
- 7,458 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 1437 Market St
- Year built
- 1930
- Lot size
- 0.17 lot acres
- Property size
- 7,458 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- 145L B 011
- APU
- 145LB011
Description
This exceptional 6,742 square foot retail property, located at 1437 Market Street in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1930 and renovated in 2014, this Class B building boasts a prime location directly across from the historic Chattanooga Choo Choo Hotel, ensuring high visibility and foot traffic. The property features two suites, with 3,415 square feet currently vacant, offering significant potential for a variety of uses. The versatile space includes attractive exposed brick walls and timbers, and a private enclosed rear courtyard patio. Its zoning (U-SH-4) allows for diverse commercial ventures, including retail, restaurants, bars, nightclubs, delis, and event spaces. The property's prominent storefront and convenient access to major highways and public transportation guarantee excellent accessibility for customers. With a total of 6,742 square feet and a Hamilton County APN of 145L B 011, this property offers a rare chance to establish or expand a business in Chattanooga's vibrant Market Street district. Annual property taxes are $4.88 per square foot. The single-story building provides ample space for customization to suit various business needs. Don't miss this chance to secure a thriving location in a bustling area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,875,000
- 6.5%
- $1,990,000
- 7%
- $2,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,835,000
- Geo Method
- $2,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,185,000
- Retail
- $1,740,000
- Mixed-Use
- $1,760,000
- Hospitality
- $2,410,000
- Educational
- $2,095,000
- Residential Income
- $2,315,000
- Energy
- $2,150,000
- Income-Based Land
- $1,970,000
- Food Service
- $1,810,000
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3078
- Latitude
- 35.0373
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
