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Somer Station 110 Somerville Ave 22 Unit Apartment Building $13,490,000 ($613,182/Unit) Chattanooga, TN 37405
INVESTMENT HIGHLIGHTS
- 5,000 SF Vacant Office | Excellent Opportunity for Owner/User or Tenant
- 22 Fully-Furnished Apartments at 100% Occupancy | Positioned for Rental Growth
- Office Component 84% Occupied by Two Long-Term NNN-Leased Tenants
- Located in Vibrant Northshore Neighborhood, Downtown Chattanooga’s Busiest Retail Hub
EXECUTIVE SUMMARY
SVN | Second Story is pleased to present the opportunity to acquire 110 Somerville Avenue, a premier mixed-use asset in Chattanooga’s vibrant Northshore neighborhood. This newly built property offers high-quality office, and multifamily space supported by a diverse tenant mix and long-term lease structures, delivering exceptional investment stability in one of the Southeast’s fastest-growing markets.
Somer Station’s office component is 84% occupied by two long-term NNN tenants, with a 5,000 SF suite available. The Lofts at Somer Station include 22 fully furnished apartments and are 100% occupied, providing steady multifamily income within a highly walkable submarket.
The asset benefits from riverfront adjacency, on-site parking, and walkable access to the national retailers, local boutiques, restaurants, and galleries that define the Northshore lifestyle. Nearby amenities include Publix, Whole Foods, Chipotle, Orangetheory Fitness, Starbucks, Coolidge Park, and the Walnut Street Bridge.
110 SOMERVILLE AVENUE
Office | Somer Station
• Two long-term NNN-leased office tenants
• 5,000 SF Vacant Suite
• 84% Occupancy
Multifamily | Lofts at Somer Station
• 22 fully-furnished apartments
• 100% occupancy
Somer Station’s office component is 84% occupied by two long-term NNN tenants, with a 5,000 SF suite available. The Lofts at Somer Station include 22 fully furnished apartments and are 100% occupied, providing steady multifamily income within a highly walkable submarket.
The asset benefits from riverfront adjacency, on-site parking, and walkable access to the national retailers, local boutiques, restaurants, and galleries that define the Northshore lifestyle. Nearby amenities include Publix, Whole Foods, Chipotle, Orangetheory Fitness, Starbucks, Coolidge Park, and the Walnut Street Bridge.
110 SOMERVILLE AVENUE
Office | Somer Station
• Two long-term NNN-leased office tenants
• 5,000 SF Vacant Suite
• 84% Occupancy
Multifamily | Lofts at Somer Station
• 22 fully-furnished apartments
• 100% occupancy
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gameroom
- Community-Wide WiFi
- Lounge
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 135F-F-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,059,000 |
PROPERTY TAXES
Parcel Number
135F-F-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,059,000
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Somer Station | 110 Somerville Ave
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