1010 Market StChattanooga, TN 37402

Property Details for 1010 Market St

Year built

1870

Lot size

1.00 AC

Property size (Sq ft)

31,896 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

145DDA 001

APU

145DDA001

Description

This exceptional 4,000 square foot retail/restaurant space is located at 1010 Market Street in the heart of Chattanooga, Tennessee. Situated within a historic, four-story building (36,772 total square feet) listed on the Historic Registry, this property offers a unique opportunity for a discerning tenant. Built in 1870 and extensively renovated in 2019, the space boasts a modern infrastructure while retaining its historic charm. The space is currently vacant and ready for immediate occupancy. It's a shell space with electrical, HVAC, and plumbing already stubbed in, and includes a grease trap, making it ideal for a restaurant. The floors are poured concrete slabs, and a sprinkler system is in place. The zoning is D-SH-6, and the building is located in Hamilton County, zip code 37402. Note that due to the building's historic designation, certain restrictions may apply. This property presents a rare blend of historic character and modern functionality in a prime downtown Chattanooga location. Potential tenants should be aware that this is a multi-tenant building with a maximum contiguous space of 4,000 square feet. Further details regarding construction and allowances can be obtained through the appropriate channels.

• CAP approach

  CAP return

  Valuation

  6%

  $9,916,830

  6.5%

  $9,153,997

  7%

  $8,500,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,092,758

  Geo Method

  $15,678,517

• Alternative Use

  Use

  Valuation

  Residential

  $7,721,739

  Hospitality

  $7,073,072

  Educational

  $5,884,712

  Medical

  $6,087,097

  Retail

  $9,153,997

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0446

Longitude

-85.3091

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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