719 Cherry StChattanooga, TN 37402

  • Office properties
  • 6,720 SF
For Lease
$300/SF/YR View listing

Property Details for 719 Cherry St

Year built
1920
Lot size
0.07 AC
Property size (Sq ft)
6,720 SF
Zone code
C3
Property type
Office properties
Property subtype
Other office properties
APN
145DAD 007
APU
145DAD007

Description

This Class A, 3,850 sq ft office space at 719 Cherry Street, Suite 200, Chattanooga, TN 37402, is situated in the Central Business District. Originally built in 1912 and extensively renovated in 2014, the building boasts 11-foot ceilings, exposed brick, and restored wood features. The single-tenant space, part of a 6,000 sq ft building, offers a flexible open layout ideal for collaborative work environments. Amenities include a glass-enclosed conference room, a full kitchen, casual meeting areas, and a private staff shower on the second floor. The building is three stories, with power provided by the tenant. Property taxes are $3.84 per square foot. While there is no on-site parking, the location offers convenient access to 7th Street. The zoning is FBC Chattanooga - D-CX-12. This exceptional space is perfect for businesses seeking a blend of historic character and modern functionality.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,421,309
    6.5%
    $1,311,978
    7%
    $1,218,265
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,094,621
    Geo Method
    $1,310,803
  • Alternative Use

    Use
    Valuation
    Residential
    $1,626,852
    Hospitality
    $1,490,188
    Educational
    $1,239,819
    Medical
    $1,282,458
    Retail
    $1,928,607
719 Cherry St, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0477
Longitude
-85.3087
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,001
-
-
$402,320
-
$115,400
$890,400
$1,005,800

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