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2437 Glass St 8,358 SF 100% Leased Retail Building Chattanooga, TN 37406 $1,186,532 CAD ($141.96 CAD/SF) 16.24% Cap Rate
INVESTMENT HIGHLIGHTS
- The building sits on a exposed st with a coffee shop/ book store, community center, Juice shop, lounge and more
EXECUTIVE SUMMARY
Commercial building, over 8k sqft, Office, retail, or Distillery endless possibilities. CALL TODAY!!!
has 2 levels on the front part of the building and in the back part (still has street front access separate from the front part of the building).
The upper space is used for an art studio but can be converted into an APARTMENT or rental STUDIO space. Has over 5 building parking spaces.
Estimates have been made on the cost of rebuilding the back warehouse and upstairs studio. Info can be provided upon request.
has 2 levels on the front part of the building and in the back part (still has street front access separate from the front part of the building).
The upper space is used for an art studio but can be converted into an APARTMENT or rental STUDIO space. Has over 5 building parking spaces.
Estimates have been made on the cost of rebuilding the back warehouse and upstairs studio. Info can be provided upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$192,637
|
$23.05
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $192,637 |
| Annual Per SF | $23.05 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,358 SF
Building Class
C
Year Built
1917
Price
$1,186,532 CAD
Price Per SF
$141.96 CAD
Cap Rate
16.24%
NOI
$192,637 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.19
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL/RETAIL - This property is classified as COMMERCIAL with a(n) RETAIL STORE style structure on this card, built about 1917 with 2,091 square feet. Total square f
Parking
5 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
82’ on Glass St
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 137A-N-015 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $52,674 CAD |
PROPERTY TAXES
Parcel Number
137A-N-015
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$52,674 CAD
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2437 Glass St
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