1505 37th St Chattanooga, TN 37407-2434
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.
-
A-Chattanooga Wrecker Service Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Chattanooga, TNCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.