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111 E 7th St
15,722 SF Vacant Retail Building Chattanooga, TN 37402 $3,800,000 ($242/SF)
Investment Highlights
- 111 E 7th Street presents a prime commercial opportunity in Downtown Chattanooga, undergoing an impressive overhaul for retail, office, or mixed-use.
- With upgraded robust power, the property features a sizable basement, high ceilings on each floor, and a vibrant skylight on the second level.
- Centrally located, it benefits from proximity and visibility to nearby restaurants, government buildings, theaters, hospital systems, and UTC.
- Sharing an entrance with a 42-unit condo tower, anticipate consistent foot traffic from residents, offering a stable income for various industries.
- Tenants and visitors enjoy 111 E 7th Street's outstanding accessibility with a nearby six-story parking garage and convenient street parking options.
Executive Summary
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.
Sale Flyer
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Skylights
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Basement space Ideal for retail Bar i.e Speakeasy
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
2nd Floor retail or office space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office or retail space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
Elevator access Class A space Class A amenities
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,954 SF | Retail | In-Line | Now |
| 1st Floor | 3,200 SF | Retail | End Cap | Now |
| 1st Floor | 3,200 SF | Retail | End Cap | Now |
| 2nd Floor | 3,531 SF | Retail | In-Line | Now |
| 301 | 2,837 SF | Office | - | Now |
1st Floor
| Size |
| 2,954 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
2nd Floor
| Size |
| 3,531 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
301
| Size |
| 2,837 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,954 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Basement space Ideal for retail Bar i.e Speakeasy
1st Floor
| Size | 3,200 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
1st Floor
| Size | 3,200 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
2nd Floor
| Size | 3,531 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
2nd Floor retail or office space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office or retail space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
301
| Size | 2,837 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Elevator access Class A space Class A amenities
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| China Cafe | Japanese | $$$ | 2 min walk |
| Flatiron Deli | Deli | $ | 3 min walk |
| Bantam and Biddy | Southern | $$$ | 3 min walk |
| Jack Brown's | - | - | 4 min walk |
| Legacy Beverage Co | - | - | 5 min walk |
| Jefferson's Chattanooga | American | $ | 5 min walk |
Retail |
||
|---|---|---|
| DGX | Dollar/Variety/Thrift | 2 min walk |
| MyEyeDr. | Optical | 3 min walk |
| First Horizon Bank | Bank | 2 min walk |
| New York Life | Insurance | 4 min walk |
| United States Postal Service | Business/Copy/Postal Services | 5 min walk |
| YMCA | Fitness | 9 min walk |
Hotels |
|
|---|---|
| Westin |
260 rooms
7 min walk
|
| DoubleTree by Hilton |
186 rooms
9 min walk
|
| Marriott |
343 rooms
11 min walk
|
| Autograph Collection |
90 rooms
10 min walk
|
| Hilton Garden Inn |
94 rooms
14 min walk
|
| MOXY |
108 rooms
14 min walk
|
PROPERTY TAXES
| Parcel Number | 145D-A-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $321,280 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Lizzette Compton, Director of Property Management
When she is not working, she loves spending time with her husband and daughter, and enjoying the pleasures of Chattanooga’s urban outdoor lifestyle.
Presented by
111 E 7th St
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