110 Somerville Ave - Apartments FOR SALE


Chattanooga, TN 37405- North Chattanooga-Hill City-UTC
$13,490,000 USD
404-313-3100
110 Somerville Ave, Chattanooga, TN for Sale
$13,490,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

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


HIGHLIGHTS

  • 5,000 SF Vacant Office | Excellent Opportunity for Owner/User or Tenant
  • Office Component 84% Occupied by Two Long-Term NNN-Leased Tenants
  • 22 Fully-Furnished Apartments at 100% Occupancy | Positioned for Rental Growth
  • Located in Vibrant Northshore Neighborhood, Downtown Chattanooga’s Busiest Retail Hub

OVERVIEW

SVN | Second Story is pleased to present the opportunity to acquire 110 Somerville Avenue, a premier mixed-use asset in Chattanooga’s vibrant Northshore neighborhood. This newly built property offers high-quality office, and multifamily space supported by a diverse tenant mix and long-term lease structures, delivering exceptional investment stability in one of the Southeast’s fastest-growing markets. Somer Station’s office component is 84% occupied by two long-term NNN tenants, with a 5,000 SF suite available. The Lofts at Somer Station include 22 fully furnished apartments and are 100% occupied, providing steady multifamily income within a highly walkable submarket. The asset benefits from riverfront adjacency, on-site parking, and walkable access to the national retailers, local boutiques, restaurants, and galleries that define the Northshore lifestyle. Nearby amenities include Publix, Whole Foods, Chipotle, Orangetheory Fitness, Starbucks, Coolidge Park, and the Walnut Street Bridge. 110 SOMERVILLE AVENUE Office | Somer Station • Two long-term NNN-leased office tenants • 5,000 SF Vacant Suite • 84% Occupancy Multifamily | Lofts at Somer Station • 22 fully-furnished apartments • 100% occupancy

FOR SALE DETAILS

PRICE

$13,490,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

22

PRICE/UNIT

$613,182

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

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

88

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

M1

APN/PARCEL ID

135F-F-008

ASK ABOUT THIS PROPERTY

Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

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Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

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