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23736252

2101 Chestnut St, Chattanooga, TN 37408

TD
TN 362450, GA 302731 (+1)
Zach Taylor - Chattanooga
Listed by Zach Taylor - Chattanooga
$2,395,000
391 days on market
Updated 0 days ago
Opportunity zone

Owner-User or Redevelopment in Prime Chattanooga Location

Details
APN 145K_D_024
Property Type Industrial, Land (+3)
Sub Type Bar, Creative Office (+1)
Square Footage 15,557
Net Rentable (SqFt) 15,557
Units 8
Cap Rate 5.3%
NOI $126,885
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 9.77%
Pro-Forma NOI $302,537
Price per SqFt $154
Broker Co-Op Yes
Class C
Year Built 1982
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.970
Zoning U-IX-4
Parking Spaces 40 spaces
Parking Per SqFt 2.57
Investment Type Owner/User
Ground Lease No
Ceiling Height Varies
Loading Docks 1
Dock High Doors 1
Ownership 100%

Less than 1/2 mile from Erlanger Park, new home of the Chattanooga Lookouts!

Marketing description

2101 Chestnut Street presents a unique opportunity for an owner-user or investor to acquire ±15,557 SF of existing flex, office, and showroom space on ±0.97 acres in the heart of Chattanooga’s rapidly evolving South Broad District. Located less than half a mile from the brand-new Erlanger Park, home of the Chattanooga Lookouts minor league baseball team, the property is positioned near one of the city’s most significant redevelopment corridors.

The property offers short-term income from a diverse tenant mix and includes Termination for Convenience clauses, allowing full building control within 120 days or less—ideal for an owner user looking to occupy part or all of the space. With solid bones, strong street presence, and flexible existing improvements, the building is well-suited for a cost-effective reposition into elevated office, retail, showroom, or creative flex space.

Zoned U-IX-4 and located near the Wheland Foundry redevelopment, Erlanger Park, and the broader South Broad District transformation, 2101 Chestnut offers both immediate utility and long-term upside in one of Chattanooga’s most closely watched growth corridors.

Investment highlights

  • Owner-User Ready: Occupy part or all of the ±15,557 SF building
  • Flexible Layout: Existing mix of flex, office, and showroom space
  • In-Place Income: Collect rent from a diverse tenant mix with leases offering flexible termination rights
  • Reposition Potential: Estimated $45/SF ($700K) renovation can increase NOI from ~$126K to ~$302K
  • Zoning Advantage: U-IX-4 allows up to 4 stories and 80% site coverage on 0.97 acres
  • South Broad Location: Positioned near the Wheland Foundry redevelopment and less than 1/2 mile from Erlanger Park, the brand-new home of the Chattanooga Lookouts!

Listing Contacts

TD
TN 362450, GA 302731 (+1)
Zach Taylor - Chattanooga
Listed by Zach Taylor - Chattanooga

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,885.00
$10,573.75/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
Tyler Divin
License
362450
Brokerage
Zach Taylor Real Estate
Brokerage Address
518 Georgia Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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