For Sale
$1,800,000

513 Manning StChattanooga, TN 37405

Chattanooga Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A mixed-use property in Chattanooga, TN, offers 6,186 square feet across two stories, built in 2019. The building features 23 parking spaces and is zoned E-IX-3, allowing for versatile commercial uses. The main level currently houses a thriving high-end salon, with open spaces adaptable to various retail or office configurations. The second floor comprises three units, two currently operating as permitted short-term rentals, and a separate office area, offering additional rental income potential or space for an owner's private practice. This stabilized investment opportunity is ideally located in North Chattanooga, within walking distance of the city's heart, benefiting from significant recent development in the area. The property's high-quality construction, ample parking, and flexible zoning make it perfect for a variety of uses, including retail, office, and residential (long-term or short-term rental). The existing salon provides immediate income, while the upper units offer further revenue streams or the possibility of owner-occupancy. This is a rare chance to acquire a prime mixed-use asset in a thriving Chattanooga neighborhood. The sale includes a leaseback option, providing a smooth transition for the new owner. The four units and versatile space offer a unique opportunity for a variety of business models. The property's location and amenities make it an attractive investment for both experienced and new investors.

Highlights

  • $1,800,000 asking price for a stabilized Class A mixed-use investment property.
  • 6,186 square feet, 4 units, 23 parking spaces in a 2-story building constructed in 2019.
  • Located at 513 W Manning St, Chattanooga, TN 37405, in the North Chattanooga area.
  • E-IX-3 zoning permits creative office, restaurant, and storefront uses.
  • Sale includes a leaseback option.

Property Details for 513 Manning St

Property type
Retail properties, Restaurants
Square Feet
6,186 SF
Class
A
Year Built
2019
Stories
2
Units
4

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0661273
Longitude
-85.3165251
513 Manning St, Chattanooga, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
513 Manning St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message