111 E 7th St - Storefront Retail/Office FOR SALE


Chattanooga, TN 37402- City Center
$3,500,000 USD
423-558-3564
111 E 7th St, Chattanooga, TN for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/28
null | Request Cap Rate

111 E 7th St
Chattanooga, TN 37402
City Center


HIGHLIGHTS

  • 111 E 7th Street presents a prime commercial opportunity in Downtown Chattanooga, undergoing an impressive overhaul for retail, office, or mixed-use.
  • Sharing an entrance with a 42-unit condo tower, anticipate consistent foot traffic from residents, offering a stable income for various industries.
  • With upgraded robust power, the property features a sizable basement, high ceilings on each floor, and a vibrant skylight on the second level.
  • Tenants and visitors enjoy 111 E 7th Street's outstanding accessibility with a nearby six-story parking garage and convenient street parking options.
  • Centrally located, it benefits from proximity and visibility to nearby restaurants, government buildings, theaters, hospital systems, and UTC.

OVERVIEW

111 E 7th Street is a transformative three-story commercial property ideally positioned in the center of Downtown Chattanooga. Initially built in 1981 as an IT database support center for the previously adjacent Hamilton County offices, this versatile building is currently undergoing evolutionary construction, opening endless possibilities for future business. Imagine a sleek office space, a vibrant retail destination, or a dynamic mixed-use development. Benefiting from its unbeatable location next to a stunning nine-story historic tower with 42 condos, this property offers a shared entrance and the option to construct a separate entrance if needed. The residences at this shared location create a direct patron connection for its potential future use. The building features a spacious basement, high ceilings on every floor, and a skylight on the second level. With robust power, it's ideal for various uses, including coffee shops, bars, restaurants, rooftop spaces, executive suites, coworking, or creative spaces. A six-story parking garage at the corner of 7th and Cherry Street provides convenient parking with multiple entry points, and street parking is also available. Situated in an opportunity zone that offers investors a list of advantages, 111 E 7th Street provides incredible walkability to popular restaurants, city government buildings, theaters, and all that Chattanooga's downtown offers. It's just five minutes from AT&T Field, home of the Chattanooga Lookouts, and near The University of Tennessee at Chattanooga and Kindred Hospital, further establishing this property's visibility and convenience to nearby destinations.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bank, Loft/Creative Space, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

D-CX-12

APN/PARCEL ID

145D-A-010

ASK ABOUT THIS PROPERTY

Lizzette ComptonSouthern Spear PropertiesMore Info
423-558-3564

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Lizzette ComptonSouthern Spear PropertiesMore Info
423-558-3564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.