25 Main StChattanooga, TN 37408

  • Retail properties
  • 6,348 SF
For Sale
$3,000,000 View listing

Property Details for 25 Main St

Year built
1900
Lot size
1.00 AC
Property size (Sq ft)
6,348 SF
Zone code
M1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
145LAC 010 C101
APU
145LAC010C101

Description

This exceptional three-story, 13,000 square foot mixed-use building, located at 25 E Main St in Chattanooga, Tennessee's vibrant Southside district, presents a unique investment opportunity. Built in 1900 and renovated in 2008, the property boasts a prime location and currently enjoys 50% occupancy. The ground floor houses Alleia's Italian Restaurant, a 6,000 square foot establishment. The second floor offers 6,000 square feet of commercial space, currently leased to Keel Point and TextLocate, generating a substantial monthly income of $10,500 under a modified NNN lease. The third floor, a 6,000 square foot shell space, is ready for conversion into residential condominiums (plans by Tinker Ma are available) or additional office space. The building features a four-car attached garage, a rare amenity in this area. The property sits on a 16,250 square foot lot and is zoned for Mixed Use Residential/Commercial - Office. Elevator access is provided to all floors. This meticulously maintained building blends historic charm with modern upgrades, offering a compelling blend of immediate income and significant future development potential. All pertinent documents are available for review. This is a rare chance to acquire a piece of Chattanooga's Southside renaissance.

25 Main St, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0362
Longitude
-85.3066
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
$8,636
-
-
$386,000
-
$164,800
$800,200
$965,000

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