101 21St StChattanooga, TN 37408

Property Details for 101 21St St

Year built

1966

Lot size

0.58 AC

Property size (Sq ft)

5,520 SF

Zone code

M1

Property type

Office properties

Property subtype

Other office properties

APN

145N C 008.01

APU

145NC00801

Description

This exceptional 5,520 square foot office building, situated on a 0.58-acre lot in a prime Southside location, presents a fantastic opportunity for businesses seeking high-visibility space. The building is zoned U-CX-6 and features three suites, with one suite currently available, totaling 2,065 square feet. The property offers convenient access to downtown and boasts ample free parking for employees and guests, with a total of 40 spaces available. Current co-tenants include reputable businesses such as Scenic City Accounting Group and Integra Wealth, providing a strong and established tenant base. The building itself offers a professional environment with a layout that includes private offices and a large conference/training room, ideal for a variety of business needs. A full-service lease rate is available, encompassing operating expenses, utilities, and janitorial services, simplifying budgeting and management. Furthermore, excellent signage opportunities exist on the building facade and monument sign, providing exceptional visibility and brand exposure. The property's APN is 145N C 008.01. This is a rare opportunity to secure a well-located, fully-serviced office space with ample parking in a thriving Southside business district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,167,504

  6.5%

  $1,077,696

  7%

  $1,000,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $899,153

  Geo Method

  $1,076,731

• Alternative Use

  Use

  Valuation

  Residential

  $1,336,343

  Hospitality

  $1,224,083

  Educational

  $1,018,423

  Medical

  $1,053,448

  Retail

  $1,584,213

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0318

Longitude

-85.3114

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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