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2101 Chestnut St 15,557 SF 100% Leased Office Building Chattanooga, TN 37408 $2,395,000 ($153.95/SF) 5.30% Cap Rate
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 on 0.97 acres
- Flexible Layout: Existing mix of flex, office, and showroom space
- Reposition Potential: Estimated $45/SF ($700K) renovation can raise income from ~$131K to ~$302K
- South Broad Growth Corridor: Near the U.S. Pipe/Wheland Foundry redevelopment and Erlanger Park, the brand-new home of the Chattanooga Lookouts!
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 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.
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.
Data Room Click Here to Access
Financial Summary (Actual - 2026) 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 (Actual - 2026) 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
$2,395,000
Price Per SF
$153.95
Cap Rate
5.30%
NOI
$126,885
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 mixed-use potential on 0.97 acres.
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
- Build-Out
- Available
- 1,121 sf (615 sf of office and 506 sf of storage/warehouse) - $1,500/month gross asking rent including all utilities except telephone/internet - Includes a kitchenette area and restroom
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 2114 Fort St | 1,121 SF | Office | - | Now |
1st Fl-Ste 2114 Fort St
| Size |
| 1,121 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 2114 Fort St
| Size | 1,121 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
- 1,121 sf (615 sf of office and 506 sf of storage/warehouse) - $1,500/month gross asking rent including all utilities except telephone/internet - Includes a kitchenette area and restroom
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
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 | 2026 |
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
2026
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
2101 Chestnut St