2437 Glass StChattanooga, TN 37406

Property Details for 2437 Glass St

Year built

1917

Lot size

0.39 AC

Property size (Sq ft)

8,358 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

137A N 015

APU

137AN015

Description

This exceptional Chattanooga commercial property at 2437 Glass Street presents a unique investment opportunity. Boasting 8,358 square feet on a 0.11-acre lot, this versatile building offers endless possibilities for a variety of uses. Imagine transforming this space into offices, retail shops, creative studios (art or dance), or even a unique venture like a distillery. The property benefits from significant recent renovations. A portion of the building (formerly 2435 Glass St) underwent extensive upgrades in April 2014, including new windows, plumbing, electrical wiring, a relined drain line, roof repairs, brick and mortar stabilization, roof support replacement, a new drop ceiling, light fixtures, insulation, carpeting, HVAC system, a new corner door, and pull-down metal security doors. Further improvements were made in June 2016 with the addition of a new roof to this section. More recently, in August 2022, 2437 Glass Street received substantial renovations including new windows, lead abatement, brick and mortar stabilization, debris removal, and a new roof. These upgrades were completed by TU Parks. The property also features a rear opening, ideal for potential dock or loading access. This is a rare chance to acquire a well-maintained, extensively renovated commercial building in a prime Chattanooga location. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,598,598

  6.5%

  $2,398,706

  7%

  $2,227,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,430,815

  Geo Method

  $4,108,385

• Alternative Use

  Use

  Valuation

  Residential

  $2,023,398

  Hospitality

  $1,853,422

  Educational

  $1,542,025

  Medical

  $1,595,058

  Retail

  $2,398,706

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0653

Longitude

-85.2499

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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