191 Walnut StChattanooga, TN 37403

Property Details for 191 Walnut St

Year built

2009

Lot size

1.00 AC

Property size (Sq ft)

1,061 SF

Zone code

C3

Property type

Retail properties

Property subtype

Other individual retail properties

APN

135L C 010 C110

APU

135LC010C110

Description

This exceptional 1,080-square-foot commercial space in downtown Chattanooga, Tennessee, presents a rare opportunity for owner-users or investors. Located at 191 Walnut St, in the Museum Bluffs area, this Class A property boasts a prime location on the corner, offering direct access via two entrances from a cobblestone terrace shared with a luxury hotel and the Walnut Street Walking Bridge. Built in 2009 and renovated in 2011, the space features 20-foot ceilings (16 feet to the existing ceiling tiles, with 4 feet of additional height), allowing for the potential creation of a second-story loft. The open floor plan is filled with natural light from oversized commercial-grade windows. Amenities include polished concrete floors, one oversized bathroom, cabinetry, a sink, refrigerator, and washer/dryer hookups. EPB Fiber Optics provides high-speed internet access. The property is zoned R-RV-4 | River View Zone and includes one parking space in a secure gated garage. On-street parking is also available. The space's high visibility and foot traffic make it ideal for various uses, including retail, office, salon, cafe, or creative space. Salon equipment and furniture are negotiable. The asking price is $825,000 ($763.89 per square foot).

• CAP approach

  CAP return

  Valuation

  6%

  $329,877

  6.5%

  $304,502

  7%

  $282,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $435,522

  Geo Method

  $521,536

• Alternative Use

  Use

  Valuation

  Residential

  $256,859

  Hospitality

  $235,281

  Educational

  $195,751

  Medical

  $202,483

  Retail

  $304,502

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0552

Longitude

-85.3082

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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