Mixed-Use Retail, Multifamily, Office 2 Properties Offered at $18,900,000 in Chattanooga, TN

Positioned in Chattanooga’s thriving Northshore district, this rare portfolio offering includes two newly constructed mixed-use assets totaling over 60,000 square feet. The properties—110 Somerville Avenue and 306 Cherokee Boulevard—combine stabilized retail, office, and multifamily components with long-term NNN leases and national credit tenants.
306 Cherokee Boulevard features 100% leased retail space anchored by JPMorgan Chase and AFC Urgent Care, both under corporate-backed leases with 10–15 year terms and structured escalations. 110 Somerville Avenue offers a dynamic mix of office and residential units. The office component includes tenants such as Society of Work and Empire Communities, with a vacant 5,000 SF suite offering upside potential. The multifamily portion, branded as Lofts at Somer Station, includes 22 fully furnished units designed for co-living and short-term stays, with 95.5% occupancy and rents ranging from $1,100 to $1,499.
Both assets benefit from riverfront adjacency, reciprocal parking easements, and walkable access to Coolidge Park, Whole Foods, Starbucks, and other lifestyle amenities. Chattanooga’s designation as “Gig City,” its 5.5% population growth, and over $4B in recent corporate investment further enhance the long-term value proposition. This portfolio offers investors a compelling blend of income stability, tenant diversity, and location-driven growth in one of the Southeast’s most dynamic urban markets.
For Sale Separately or Together