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Property profile & analytics
FOR SALE
Retail space

2437 Glass St Chattanooga, TN 37406

8,358 SF 0.39 ac lot Built 1917
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-3230466
Property summary
AI-generated overview

This exceptional Chattanooga commercial property at 2437 Glass Street presents a unique investment opportunity. Boasting 8,358 square feet on a 0.11-acre lot, this versatile building offers endless possibilities for a variety of uses. Imagine transforming this space into offices, retail shops, creative studios (art or dance), or even a unique venture like a distillery. The property benefits from significant recent renovations. A portion of the building (formerly 2435 Glass St) underwent extensive upgrades in April 2014, including new windows, plumbing, electrical wiring, a relined drain line, roof repairs, brick and mortar stabilization, roof support replacement, a new drop ceiling, light fixtures, insulation, carpeting, HVAC system, a new corner door, and pull-down metal security doors. Further improvements were made in June 2016 with the addition of a new roof to this section. More recently, in August 2022, 2437 Glass Street received substantial renovations including new windows, lead abatement, brick and mortar stabilization, debris removal, and a new roof. These upgrades were completed by TU Parks. The property also features a rear opening, ideal for potential dock or loading access. This is a rare chance to acquire a well-maintained, extensively renovated commercial building in a prime Chattanooga location. The asking price is $1,500,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1917
Total area 8,358 SF
Lot 0.39 ac (16,800 SF)
Zoning code C2
APN 137A N 015
UPID US80-3230466
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joseph Lautigar · 17 yrs held
Joseph Lautigar
since 2009
5 recorded transactions
2022
Price N/A
2021
Price N/A
2015
Price N/A
2009
$75,000
2008
$75,000
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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