203 Main StChattanooga, TN 37408

Property Details for 203 Main St

Year built

2019

Lot size

1.00 AC

Property size (Sq ft)

24,153 SF

Zone code

C3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

145LDF 005

APU

145LDF005

Description

This exceptional 1,000 square foot retail space is ideally situated on East Main Street in the vibrant Southside area of Hamilton County. Currently operating as a thriving salon, this single-tenant property boasts a prime location surrounded by a diverse mix of restaurants, office spaces, and other high-end retail establishments, ensuring consistent high foot traffic. The property offers a private entrance for enhanced convenience and exclusivity. While the existing tenant is expanding, this presents a unique opportunity for a business seeking a well-established location with proven customer demographics. The property's accessibility is further enhanced by the proximity of a parking garage located within two blocks, offering convenient overflow parking options via passes. This turnkey retail space is ready for immediate occupancy and presents an excellent investment opportunity for a discerning business owner seeking a high-visibility location in a thriving commercial district. The space's 1,000 square feet provides ample room for a variety of retail uses. Its location within a bustling commercial area guarantees significant exposure to potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,108,465

  6.5%

  $4,715,506

  7%

  $4,378,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,934,282

  Geo Method

  $4,711,284

• Alternative Use

  Use

  Valuation

  Residential

  $5,847,228

  Hospitality

  $5,356,029

  Educational

  $4,456,153

  Medical

  $4,609,407

  Retail

  $6,931,794

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0356

Longitude

-85.305

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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