For Sale
$3,000,000

25 Main StChattanooga, TN 37408

Historic mixed-use building, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional three-story, 13,000 square foot mixed-use building, located at 25 E Main St in Chattanooga, Tennessee's vibrant Southside district, presents a unique investment opportunity. Built in 1900 and renovated in 2008, the property boasts a prime location and currently enjoys 50% occupancy. The ground floor houses Alleia's Italian Restaurant, a 6,000 square foot establishment. The second floor offers 6,000 square feet of commercial space, currently leased to Keel Point and TextLocate, generating a substantial monthly income of $10,500 under a modified NNN lease. The third floor, a 6,000 square foot shell space, is ready for conversion into residential condominiums (plans by Tinker Ma are available) or additional office space. The building features a four-car attached garage, a rare amenity in this area. The property sits on a 16,250 square foot lot and is zoned for Mixed Use Residential/Commercial - Office. Elevator access is provided to all floors. This meticulously maintained building blends historic charm with modern upgrades, offering a compelling blend of immediate income and significant future development potential. All pertinent documents are available for review. This is a rare chance to acquire a piece of Chattanooga's Southside renaissance.

Highlights

  • Suite 201 generates $10,500/month in modified NNN lease income from two tenants.
  • Suite 301 is a 6,000 SF shell space, designed for residential conversion with a central atrium, and adaptable to office or condo use.
  • Suite 101 (Alleia's Italian Restaurant) and Suite 201 tenants cover all HOA and CAM fees.

Property Details for 25 Main St

Property type
Office properties, Office space
Square Feet
13,000 SF
Year Built/Renovated
1900/2008
Buildings
1
Stories
3
Units
2

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0362372
Longitude
-85.3066339
25 Main 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].
25 Main 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