You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,105,000
Retail space

409 Market St Chattanooga, TN 37402-1204

5,200 SF 0.06 ac lot Built 1900
Entity Owned ~ Est. High Equity
Property ID
US80-1937665
Property summary
AI-generated overview

This exceptional two-story, 5,200 square foot commercial property at 409 Market Street in downtown Chattanooga offers a unique opportunity for businesses seeking a vibrant and accessible location. Currently, 2,600 square feet of space is available for lease, with the potential to lease the entire building. The building, constructed in 1976 and extensively renovated in 2024, boasts a modern interior featuring large windows, hardwood floors, and ample electrical outlets. The flexible layout, adaptable to various business needs, includes a 16-foot ceiling height. Situated in a high-traffic area with easy access to public transportation, restaurants, and major attractions, this property provides excellent visibility and signage opportunities. The property sits on a 0.12-acre lot and is zoned D SH 8 in Hamilton County. Utilities are provided by EPB. While there are no on-site parking spaces, the central location offers convenient access to various parking options. This property is ideal for retail, office, or creative businesses seeking a dynamic downtown Chattanooga presence. The minimum leasable space is 2,600 square feet, with a maximum contiguous space of 5,200 square feet. Property taxes are $0.46 per square foot. The building consists of two suites.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 5,200 SF
Lot 0.06 ac (2,500 SF)
Zoning code C3
APN 135MDA 003
UPID US80-1937665
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
  • Home Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$861k
Blend (final) Blend
$1.11M
Owner & transaction history
Clark Real Estate Holdings LLC
Clark Real Estate Holdings LLC
since 2025
Last sale
$1.4M
5 recorded transactions
2025
$1.4M
2017
$695,000
2004
$390,000
1999
Price N/A
1996
$133,000
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $1.8M +186.8%
Medical building $1.3M +104.4%
Auto repair, garage $1.1M +74.7%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 409 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message