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2101 Chestnut St 15,557 SF 100% Leased Office Building Chattanooga, TN 37408 $2,595,000 ($166.81/SF)
Investment Highlights
- Owner-User Ready: Occupy part or all of the ±15,557 SF building
- In-Place Income: Collect rent with leases offering easy termination
- Zoning Advantage: U-IX-4 allows up to 4 stories and 80% site coverage
- Flexible Layout: Existing mix of flex, office, and showroom space
- Reposition Potential: Estimated $45/SF ($700K) renovation can raise income from ~$131K to ~$302K
- Unmatched Location: Between The Bend and Wheland Foundry’s $4B+ in planned development
Executive Summary
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 in the heart of Chattanooga’s rapidly growing South Broad District. 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 looking to occupy part or all of the space. With solid bones and strong street presence, the building is also well-suited for a cost-effective reposition into Class A office, retail, or creative space. Zoned U-IX-4 and positioned between two transformational, billion-dollar developments—The Bend and Wheland Foundry—this site delivers both short-term utility and long-term upside.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
15,557 SF
Building Class
C
Year Built/Renovated
1982/2021
Price
$2,595,000
Price Per SF
$166.81
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,557 SF
Building FAR
0.37
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
Commercial - Zoned U-IX-4 under the Downtown Form-Based Code, allowing up to 4 stories and 80% site coverage with broad commercial and mixed-use potential.
Parking
47 Spaces (3.02 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Storage Space
- Outdoor Seating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Available spaces: Suite 101D (965 sf): $1,800/month gross including utilities Suite 101C (1,065 sf): $1,700/month gross including utilities Combined (2,030 sf): $3,300/month gross including utilities
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101D | 965 SF | Office | Full Build-Out | Now |
1st Fl-Ste 101D
| Size |
| 965 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101D
| Size | 965 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Available spaces: Suite 101D (965 sf): $1,800/month gross including utilities Suite 101C (1,065 sf): $1,700/month gross including utilities Combined (2,030 sf): $3,300/month gross including utilities
Property Taxes
| Parcel Number | 145K-D-024 | Total Assessment | $775,520 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
145K-D-024
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$775,520 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2101 Chestnut St
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