1437 Market StChattanooga, TN 37402

Property Details for 1437 Market St

Year built

1930

Lot size

0.17 AC

Property size (Sq ft)

7,458 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

145L B 011

APU

145LB011

Description

This exceptional 6,742 square foot retail property, located at 1437 Market Street in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1930 and renovated in 2014, this Class B building boasts a prime location directly across from the historic Chattanooga Choo Choo Hotel, ensuring high visibility and foot traffic. The property features two suites, with 3,415 square feet currently vacant, offering significant potential for a variety of uses. The versatile space includes attractive exposed brick walls and timbers, and a private enclosed rear courtyard patio. Its zoning (U-SH-4) allows for diverse commercial ventures, including retail, restaurants, bars, nightclubs, delis, and event spaces. The property's prominent storefront and convenient access to major highways and public transportation guarantee excellent accessibility for customers. With a total of 6,742 square feet and a Hamilton County APN of 145L B 011, this property offers a rare chance to establish or expand a business in Chattanooga's vibrant Market Street district. Annual property taxes are $4.88 per square foot. The single-story building provides ample space for customization to suit various business needs. Don't miss this chance to secure a thriving location in a bustling area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,318,777

  6.5%

  $2,140,410

  7%

  $1,987,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,061,380

  Geo Method

  $3,665,989

• Alternative Use

  Use

  Valuation

  Residential

  $1,805,516

  Hospitality

  $1,653,843

  Educational

  $1,375,978

  Medical

  $1,423,300

  Retail

  $2,140,410

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0373

Longitude

-85.3078

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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