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Leased Restaurant + Office/Retail Building 1804 E Main St 4,761 SF 86% Leased Retail Building Chattanooga, TN 37404 $1,250,000 ($262.55/SF) 4.50% Cap Rate
Executive Summary
Seller financing available! Terms negotiable. Positioned along one of the most rapidly transforming corridors in Chattanooga, this multi-parcel offering presents a compelling blend of stable income, land value, and long-term redevelopment potential.
The property features a 2,641 SF all-brick restaurant, originally constructed in 1920, secured by a NNN lease, providing immediate passive income. Adjacent is a 2,120 SF office/retail building well-suited for continued tenancy or future repositioning.
What truly distinguishes this opportunity is the strategic assemblage of three parcels:
0.21-acre improved parcel (restaurant + office/retail)
0.18-acre large parking lot
0.11-acre vacant parcel
This configuration offers rare flexibility for investors seeking both current yield and future upside. The dedicated parking lot and vacant land significantly enhance redevelopment feasibility — a valuable advantage along the fast-growing E Main St / Southside submarket.
Surrounded by ongoing residential, retail, and mixed-use development, the location benefits from sustained corridor momentum, increasing density, and strong long-term appreciation drivers.
Ideal for:
? Long-term investors
? Land-bank strategies
? Value-add / redevelopment plays
? Mixed-use visionaries
Lease details available upon request.
The property features a 2,641 SF all-brick restaurant, originally constructed in 1920, secured by a NNN lease, providing immediate passive income. Adjacent is a 2,120 SF office/retail building well-suited for continued tenancy or future repositioning.
What truly distinguishes this opportunity is the strategic assemblage of three parcels:
0.21-acre improved parcel (restaurant + office/retail)
0.18-acre large parking lot
0.11-acre vacant parcel
This configuration offers rare flexibility for investors seeking both current yield and future upside. The dedicated parking lot and vacant land significantly enhance redevelopment feasibility — a valuable advantage along the fast-growing E Main St / Southside submarket.
Surrounded by ongoing residential, retail, and mixed-use development, the location benefits from sustained corridor momentum, increasing density, and strong long-term appreciation drivers.
Ideal for:
? Long-term investors
? Land-bank strategies
? Value-add / redevelopment plays
? Mixed-use visionaries
Lease details available upon request.
Property Facts
Sale Type
Investment
Property Type
Building Size
4,761 SF
Year Built
1930
Price
$1,250,000
Price Per SF
$262.55
Cap Rate
4.50%
NOI
$56,268
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.51 AC
Zoning
C-C, RN-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mean Jeen's
- Accommodation and Food Services
- 2,641 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mean Jeen's | Accommodation and Food Services | 2,641 SF | - | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 29
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Leased Restaurant + Office/Retail Building | 1804 E Main St
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