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Property profile & analytics
OFF-MARKET
Gas stations

1505 37th St Chattanooga, TN 37407-2434

2,205 SF 0.17 ac lot Built 1978
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-1174143
Property summary
AI-generated overview

This exceptional 2,205 square foot flex space, located at 1505 E 37th St in Chattanooga, Tennessee, presents a unique investment opportunity. The property, built in 1980 and extensively renovated in 2022, boasts two buildings situated on a 0.18-acre lot. The permitted commercial zoning allows for a variety of uses, making it ideal for a diverse range of businesses. Previously used as a car showroom and garage, the space offers ample room for both storage and office functions. Its adaptable layout makes it suitable for a variety of businesses, including those seeking flex space or those considering a conversion into a restaurant or coffee shop. The property's strategic location just off Rossville Boulevard provides excellent visibility and convenient access to downtown Chattanooga, Saint Elmo, and Lookout Mountain, ensuring high traffic and easy commutes for employees and customers. The asking price is $360,000, representing a compelling value for this renovated and versatile property in a rapidly growing area. The single-tenancy structure offers simplicity and control for the owner. This is a rare opportunity to acquire a well-maintained, adaptable commercial property in a desirable Chattanooga location.

Property profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1978
Total area 2,205 SF
Lot 0.17 ac (7,375 SF)
Zoning code M1
APN 168A M 037
UPID US80-1174143
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
  • A-Chattanooga Wrecker Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Andrew Austin · 1 yrs held
Andrew Austin
since 2025
Last sale
$240,000
7 recorded transactions
2025
$240,000
2022
Price N/A
2020
Price N/A
2019
Price N/A
2017
Price N/A
2017
$40,000
2014
$35,000
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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