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14804670
14804671

2437 Glass St, Chattanooga, TN 37406

LC
TN TN 358137
Bridge Real Estate Group
CS
TN 351771
Bridge Real Estate Group
OM
TN 377996
Listed by Bridge Real Estate Group
$795,000
642 days on market
Updated 27 days ago
Opportunity zone

2437 Glass Street Chattanooga, TN

Details
Property Type Retail
Sub Type Storefront
Square Footage 8,358
Net Rentable (SqFt) 8,350
Units 3
Occupancy 50%
Tenancy Multi
Brand/Tenant H&R Block
Lease Type Modified
Pro-Forma Cap Rate 18.49%
Pro-Forma NOI $147,000
Price per SqFt $95
Class C
Year Built 1917
Year Renovated 4
Buildings 2
Stories 2
Acreage 4792.000
Zoning Commercial
Investment Type Owner/User
Occupancy Date 01/25/2024
Ownership 100

Commercial building, over 8k sqft

Marketing description

For Sale or Lease: Designated Opportunity Zone! Unique Commercial Building with Over 8,000 Sq. Ft. of Versatile Space

Location: 2435 & 2437 Glass Street

Property Highlights:

- Two-Level Front Section: Offers excellent street visibility, perfect for office space, studios, or retail.

- Back Section: Features separate street front access, ideal for a distillery or other creative ventures.

- Upper Space: Currently an art studio, this area can be easily converted into an apartment or rental studio space.

-Tenants are month to month

Recent Upgrades:

- April 2014: New windows, plumbing, electrical wiring, and outlets. Roof repairs, brick and mortar stabilization, roof supports replaced, new drop ceiling, light fixtures, insulation, carpet, HVAC, and added corner door with pull-down metal security doors.

- June 2016: New roof on 2435 Glass Street.

- August 2022: Contracted with TU Parks for 2437 Glass Street—upgrades included new windows, lead abatement, brick and mortar stabilization, debris removal, new roof, and opening in the back of the building for potential dock or loading access.

This property offers a wealth of possibilities, from office or studio space to a unique venue like a distillery. Whether you're looking to invest or create something truly special, this building is ready to meet your vision.

Investment highlights

Here are some more ideas for usage of the unique, brick building with two-story potential:

1. Co-Working Spaces: Convert part of the building into modern co-working spaces, attracting freelancers, startups, and remote workers.

2. Boutique Hotel or Airbnb: Utilize the upstairs for boutique hotel rooms or Airbnb units, while the downstairs could house a lobby, café, or retail space.

3. Event Venue: Transform the space into a stylish event venue for weddings, corporate events, and social gatherings. The upstairs could offer bridal suites or VIP rooms.

4. Art Gallery and Workshop Spaces: Leverage the building's character for an art gallery, with workshop spaces for artists to create and teach.

5. Fitness Center or Yoga Studio: The spacious layout could accommodate a fitness center or yoga studio, with locker rooms and wellness services on the lower level.

6. Craft Brewery or Distillery: The separate street front access in the back part of the building makes it ideal for a craft brewery or distillery with a tasting room.

7. Indoor Market: Create an indoor market with local vendors selling artisan goods, fresh produce, or gourmet foods, combined with a café or dining area.

8. Tech or Creative Hub: Design the building as a tech or creative hub, offering office space, studios, and collaboration areas for startups and creative professionals.

Listing Contacts

LC
TN TN 358137
Bridge Real Estate Group
CS
TN 351771
Bridge Real Estate Group
OM
TN 377996
Listed by Bridge Real Estate Group

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Additional Information

Name
Laura Coleman
License
TN 358137
Brokerage
Bridge Property Management Group
Brokerage Phone
423-479-8721
Title
Principal Broker
Brokerage Address
295 Inman Street East
Name
Cristy Schuch
License
351771
Brokerage
Bridge Property Management Group LLC
Brokerage Phone
4236506856
Brokerage Address
275 Inman Street East
Name
Olga Maystruk
License
377996
Brokerage
Bridge Property Management Group LLC
Title
Real Estate Broker
Brokerage Address
295 Inman Street East
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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