111 E 7th St 15,722 SF Vacant Retail Building Chattanooga, TN 37402 $5,032,300 CAD ($320.08 CAD/SF)
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INVESTMENT HIGHLIGHTS
- 111 E 7th Street presents a prime commercial opportunity in Downtown Chattanooga, undergoing an impressive overhaul for retail, office, or mixed-use.
- With upgraded robust power, the property features a sizable basement, high ceilings on each floor, and a vibrant skylight on the second level.
- Centrally located, it benefits from proximity and visibility to nearby restaurants, government buildings, theaters, hospital systems, and UTC.
- Sharing an entrance with a 42-unit condo tower, anticipate consistent foot traffic from residents, offering a stable income for various industries.
- Tenants and visitors enjoy 111 E 7th Street's outstanding accessibility with a nearby six-story parking garage and convenient street parking options.
EXECUTIVE SUMMARY
111 E 7th Street is a transformative three-story commercial property ideally positioned in the center of Downtown Chattanooga. Initially built in 1981 as an IT database support center for the previously adjacent Hamilton County offices, this versatile building is currently undergoing evolutionary construction, opening endless possibilities for future business. Imagine a sleek office space, a vibrant retail destination, or a dynamic mixed-use development.
Benefiting from its unbeatable location next to a stunning nine-story historic tower with 42 condos, this property offers a shared entrance and the option to construct a separate entrance if needed. The residences at this shared location create a direct patron connection for its potential future use. The building features a spacious basement, high ceilings on every floor, and a skylight on the second level. With robust power, it's ideal for various uses, including coffee shops, bars, restaurants, rooftop spaces, executive suites, coworking, or creative spaces. A six-story parking garage at the corner of 7th and Cherry Street provides convenient parking with multiple entry points, and street parking is also available.
Situated in an opportunity zone that offers investors a list of advantages, 111 E 7th Street provides incredible walkability to popular restaurants, city government buildings, theaters, and all that Chattanooga's downtown offers. It's just five minutes from AT&T Field, home of the Chattanooga Lookouts, and near The University of Tennessee at Chattanooga and Kindred Hospital, further establishing this property's visibility and convenience to nearby destinations.
Benefiting from its unbeatable location next to a stunning nine-story historic tower with 42 condos, this property offers a shared entrance and the option to construct a separate entrance if needed. The residences at this shared location create a direct patron connection for its potential future use. The building features a spacious basement, high ceilings on every floor, and a skylight on the second level. With robust power, it's ideal for various uses, including coffee shops, bars, restaurants, rooftop spaces, executive suites, coworking, or creative spaces. A six-story parking garage at the corner of 7th and Cherry Street provides convenient parking with multiple entry points, and street parking is also available.
Situated in an opportunity zone that offers investors a list of advantages, 111 E 7th Street provides incredible walkability to popular restaurants, city government buildings, theaters, and all that Chattanooga's downtown offers. It's just five minutes from AT&T Field, home of the Chattanooga Lookouts, and near The University of Tennessee at Chattanooga and Kindred Hospital, further establishing this property's visibility and convenience to nearby destinations.
SALE FLYER
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
15,722 SF
Building Class
B
Year Built
1981
Price
$5,032,300 CAD
Price Per SF
$320.08 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
D-CX-12 - Mixed
Parking
15 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
40’ on 7th St
AMENITIES
- 24 Hour Access
- Skylights
- Wheelchair Accessible
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Basement space Ideal for retail Bar i.e Speakeasy
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
Great 1st Floor Retail Newly Renovated space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
2nd Floor retail or office space Work and live in historical grandeur without leaving the building. With the option to rent newly remodeled office or retail space in the building, You can be the most efficient you possible. The meticulously restored grand 1st floor/ lobby will accommodate local commercial tenants from the area’s top restaurateurs, rooftop bar with rose garden, and small boutique retailers.
Elevator access Class A space Class A amenities
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,954 SF | Retail | In-Line | Now |
| 1st Floor | 3,200 SF | Retail | End Cap | Now |
| 1st Floor | 3,200 SF | Retail | End Cap | Now |
| 2nd Floor | 3,531 SF | Retail | In-Line | Now |
| 301 | 2,837 SF | Office | - | Now |
1st Floor
| Size |
| 2,954 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
2nd Floor
| Size |
| 3,531 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
301
| Size |
| 2,837 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (89)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
14,216
56,958
125,743
181,534
2029 Population
15,640
61,950
135,299
194,068
2024-2029 Projected Population Growth
10.0%
8.8%
7.6%
6.9%
Median Age
31.4
34.3
36.3
37.7
College Degree + Higher
38%
33%
29%
19%
Daytime Employees
40,351
91,579
113,837
121,995
Total Businesses
2,628
7,034
9,438
11,959
Average Household Income
$75,984
$76,243
$73,375
$72,359
Median Household Income
$42,123
$47,321
$48,730
$49,783
Total Consumer Spending
$164.5M
$635.9M
$1.4B
$2B
2024 Households
7,206
25,225
54,202
77,689
Average Home Value
$500,499
$378,623
$314,584
$280,336
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| China Cafe | Japanese | $$$ | 2 min walk |
| Flatiron Deli | Deli | $ | 3 min walk |
| Bantam and Biddy | Southern | $$$ | 3 min walk |
| Jack Brown's | - | - | 4 min walk |
| Legacy Beverage Co | - | - | 5 min walk |
| Jefferson's Chattanooga | American | $ | 5 min walk |
RETAIL |
||
|---|---|---|
| DGX | Dollar/Variety/Thrift | 2 min walk |
| MyEyeDr. | Optical | 3 min walk |
| First Horizon Bank | Bank | 2 min walk |
| New York Life | Insurance | 4 min walk |
| United States Postal Service | Business/Copy/Postal Services | 5 min walk |
| YMCA | Fitness | 9 min walk |
HOTELS |
|
|---|---|
| Westin |
260 rooms
7 min walk
|
| DoubleTree by Hilton |
186 rooms
9 min walk
|
| Marriott |
343 rooms
11 min walk
|
| Autograph Collection |
90 rooms
10 min walk
|
| Hilton Garden Inn |
94 rooms
14 min walk
|
| MOXY |
108 rooms
14 min walk
|
PROPERTY TAXES
| Parcel Number | 145D-A-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $461,798 CAD |
SALE ADVISOR
SALE ADVISOR
Lizzette Compton, Director of Property Management
(404) 543-7362
Contact
An accomplished entrepreneur in real estate and property development, Lizzette brings a deep understanding of mixed-use property development and management to Southern Spear Properties. A key member of the founding team, Lizzette oversees property management operations for Southern Spear. Her unique experience with historical preservation and repurposing makes her an asset to tenants — helping them reimagine how a space can evolve to meet their unique specifications.
When she is not working, she loves spending time with her husband and daughter, and enjoying the pleasures of Chattanooga’s urban outdoor lifestyle.
When she is not working, she loves spending time with her husband and daughter, and enjoying the pleasures of Chattanooga’s urban outdoor lifestyle.
