32 Main StChattanooga, TN 37408

Property Details for 32 Main St

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

5,038 SF

Zone code

M1

Property type

Retail space

APN

145LAB 012

APU

145LAB012

Description

This exceptional 5,038 square foot commercial property, located at 32 E Main Street, presents a unique investment opportunity. The building is currently configured as a single-tenant space, ideal for a variety of businesses seeking a prominent Main Street location. The property type is classified as retail, office, and restaurant, offering considerable flexibility for potential tenants. The building's total square footage is 5,038 square feet, providing ample space for operations and potential expansion. Given its "Traditional Office" subtype classification, the space is well-suited for professional office use, but its versatility allows for adaptation to other compatible uses. The property is offered as a ground lease, presenting a compelling investment structure for long-term ownership. Further details regarding lease terms and conditions are available upon request. Interested parties are encouraged to contact us to discuss this exciting opportunity to secure a prime commercial space in a high-traffic location. The property's address, 32 E Main Street, ensures high visibility and accessibility for both employees and customers. This is a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment. The single-tenant occupancy simplifies management and provides a stable income stream. Inquire today to learn more about this exceptional Main Street offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,566,372

  6.5%

  $1,445,882

  7%

  $1,342,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,068,012

  Geo Method

  $2,476,435

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,655

  Hospitality

  $1,117,198

  Educational

  $929,495

  Medical

  $961,462

  Retail

  $1,445,882

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0355

Longitude

-85.3064

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].