110 Somerville Ave - Apartments FOR SALE


Chattanooga, TN 37405- North Chattanooga-Hill City-UTC
$13,900,000 USD
615-714-6378
110 Somerville Ave, Chattanooga, TN for Sale
$13,900,000 USD
Apartments - FOR SALE
1/26
null | 7.13% Cap Rate

110 Somerville Ave
Chattanooga, TN 37405
North Chattanooga-Hill City-UTC


OVERVIEW

An award-winning, top-producing brokerage firm located in Chattanooga, Tennessee, with a proven history of closing sales across the Southeast, SVN|Second Story is pleased to exclusively offer the sale of this asset with Society of Work, Tomorrow Building, and Empire Homes. The Premises is NNN leased to these tenants on long term leases. The asset is well-positioned in the vibrant Northshore neighborhood in downtown Chattanooga, TN.

FOR SALE DETAILS

PRICE

$13,900,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

22

PRICE/UNIT

$631,818

CAP RATE

7.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tomorrow Building at Somer Station

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

M1

APN/PARCEL ID

135F-F-008

ASK ABOUT THIS PROPERTY

Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

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Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.