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Property profile & analytics
OFF-MARKET Estimated value $6,655,000
Investment properties

203 Main St Chattanooga, TN 37408-1483

24,153 SF 1 ac lot Built 2019
Entity Owned 9-yr Hold Free & Clear
Property ID
US80-1908201
Property summary
AI-generated overview

This exceptional 1,000 square foot retail space is ideally situated on East Main Street in the vibrant Southside area of Hamilton County. Currently operating as a thriving salon, this single-tenant property boasts a prime location surrounded by a diverse mix of restaurants, office spaces, and other high-end retail establishments, ensuring consistent high foot traffic. The property offers a private entrance for enhanced convenience and exclusivity. While the existing tenant is expanding, this presents a unique opportunity for a business seeking a well-established location with proven customer demographics. The property's accessibility is further enhanced by the proximity of a parking garage located within two blocks, offering convenient overflow parking options via passes. This turnkey retail space is ready for immediate occupancy and presents an excellent investment opportunity for a discerning business owner seeking a high-visibility location in a thriving commercial district. The space's 1,000 square feet provides ample room for a variety of retail uses. Its location within a bustling commercial area guarantees significant exposure to potential customers.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2019
Total area 24,153 SF
Lot 1 ac (43,560 SF)
Zoning code C3
APN 145LDF 005
UPID US80-1908201
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
  • Bollywood Tacos and Bar Restaurant
  • Ria’s Mart Grocery & Convenience Store
  • Vibrant Meals Southside Restaurant
  • Dalton Daughtrey Consultant
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.66M
Blend (final) Blend
$6.66M
Owner & transaction history
Main &e Rossville Apts LLC · 9 yrs held
Main &e Rossville Apts LLC
since 2017
6 recorded transactions
2020
Price N/A
2017
Price N/A
2009
Price N/A
1996
Price N/A
1993
$28,000
1969
Price N/A
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $8.4M +92.7%
Medical building $6.0M +37.3%
Auto repair, garage $5.1M +17.4%
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