514 Tremont St Chattanooga, TN 37405-4188
- Retail space
- 6,956 SF
- 0.23 lot acres
Dec 27, 2024
Current Use by Public Records
- Miller W Bryant / Physical Therapist
- ChaVacays / Vacation Home Rental Agency
- Kjos Functional Medicine / Holistic Medicine Practitioner
- Amada Senior Care / Home Health Care Service / Home Help
- Journey Midwifery Services / Midwife
Property Details for 514 Tremont St
- Year built
- 1930
- Lot size
- 0.23 lot acres
- Property size
- 6,956 SF
- Zone code
- R3
- Property type
- Retail space
- APN
- 135D Y 007
- APU
- 135DY007
Description
This exceptional executive office space, located at 514 Tremont Street in Chattanooga, Tennessee, offers a unique blend of historic charm and modern functionality. The 850-square-foot suite is part of a larger, mixed-use building totaling 6,956 square feet, constructed in 1930 and extensively renovated in 2021. The building boasts a desirable C-1 zoning classification. The suite features a 14-foot ceiling height and one bathroom, providing ample space and a comfortable working environment. Situated on a 0.24-acre lot, the property benefits from excellent walkability and convenient access, with its entrance located at the front of the building. The location is highly desirable, close to Aretha Frankenstein's and just down from Frazier Avenue. This is a triple net lease opportunity at a monthly rate of $1800. The building is a two-story structure with a single building on the site. This property presents a fantastic opportunity for businesses seeking a prestigious and well-located office space in the heart of Chattanooga. The available space is part of a multi-tenant building, offering a vibrant and collaborative atmosphere. The 2021 renovation ensures modern amenities and a high-quality finish. Don't miss this chance to secure this exceptional office space in a thriving Chattanooga neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $525,000
- ML approach
- $525,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $895,000
- 6.5%
- $825,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $609,000
- AI Estimate
- $683,000
Market price range: $600k - $1.79MMarket price range: $684k - $1.79M
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2988
- Latitude
- 35.0668
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA