For Sale
$5,500,000

614 Main StChattanooga, TN 37408

Historic 11-unit building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity presents a fully renovated, Class A, 13,950 square foot apartment building located at 614 E Main St, Chattanooga, TN 37408. The property, originally built in 1890 and completely renovated in 2023, boasts 11 units: eight residential rentals, two short-term vacation rentals (STVRs), and one office space. All new plumbing, electrical, and mechanical systems were installed during the extensive renovation. Situated on a 0.42-acre lot (APN: 145L J 017), this two-story building is zoned U-CX-3. Its strategic location on East Main Street offers easy access to downtown Chattanooga and major highways, and is conveniently located near public transportation. The property benefits from its vibrant surroundings, including a mix of thriving businesses, restaurants, and residential areas, creating a highly desirable live/work/play environment. This stabilized investment presents a compelling opportunity for a discerning buyer seeking a high-quality, income-producing asset in a rapidly growing market. The asking price is $5,500,000. Further details are available in the Offering Memoranda.

Highlights

  • High-traffic location with excellent visibility.
  • Strong tenant roster featuring established businesses.
  • Modern building systems and efficient floor plans.
  • Ample on-site parking for tenants and customers.
  • Strategic location near major transportation arteries.
  • Significant upside potential through lease-up and rent increases.

Property Details for 614 Main St

Property type
Mixed-use properties, Apartment buildings
Square Feet
13,950 SF
Class
A
Year Built/Renovated
1890/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
18,295 SF
Units
11

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.033067934427
Longitude
-85.299213131068
614 Main St, Chattanooga, Tennessee

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614 Main St
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