2101 Chestnut St - Office FOR SALE


Chattanooga, TN 37408- Southside
$2,995,000 USD
706-575-9881
2101 Chestnut St, Chattanooga, TN for Sale
$2,995,000 USD
Office - FOR SALE
1/23
null | 10.1% Cap Rate

2101 Chestnut St
Chattanooga, TN 37408
Southside


HIGHLIGHTS

  • Adaptive Reuse Ready: 15,557 SF building with strong bones—ideal for conversion into Class A office, retail, and creative flex space.
  • Value-Add Potential: ~$45/SF ($700K) renovation can drive income from ~$83K to ~$302K annually.
  • South Broad Growth Corridor: Positioned between $4B+ in transformative mixed-use developments, including The Bend and U.S. Pipe/Wheland Foundry.
  • Infill Catalyst: Surrounded by residential, retail, and entertainment momentum in one of Chattanooga’s fastest-evolving districts.
  • Flexible Occupancy: Collect existing income or exercise Termination for Convenience rights to reposition, re-lease, or occupy the building outright.
  • U-IX-4 Zoning allows future development up to 4 stories and 80% site coverage for high-density redevelopm

OVERVIEW

PRICE REDUCED!!! 2101 Chestnut Street presents a unique opportunity to reposition ±15,557 SF of existing office (46%) and flex space (54%) into high-end office, retail, or creative commercial use. With solid bones and a projected ~$45/SF renovation budget (~$700K), pro forma income is projected to rise from $83K to $302K annually. Strategically located between The Bend and the U.S. Pipe/Wheland Foundry developments—representing over $4B in planned investment—the property sits at the center of South Broad’s transformation. Surrounded by new residential, retail, and entertainment growth, it serves as a true infill catalyst. All leases include Termination for Convenience provisions, offering flexibility to owner-users or developers. U-IX-4 zoning allows for up to 4 stories and 80% site coverage, supporting both near-term repositioning and long-term redevelopment potential.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

10.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

Commercial

APN/PARCEL ID

145K-D-024

ASK ABOUT THIS PROPERTY

Tyler DivinInfill Development PartnersMore Info
706-575-9881

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Tyler DivinInfill Development PartnersMore Info
706-575-9881

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