Shapiro's 723 Cherry St 6,250 SF 100% Leased Retail Building Chattanooga, TN 37402 $2,273,862 CAD ($363.82 CAD/SF)

Located in the heart of Downtown Chattanooga, 723 Cherry Street presents a unique opportunity to acquire a fully improved three-level commercial property totaling approximately 6,500 SF. Purpose-built as an upscale cigar lounge and private club environment, the property features extensive custom improvements and infrastructure that would be difficult and costly to replicate in today's market.
The main and second levels encompass approximately 4,500 SF of premium retail and lounge space, including a glass-enclosed Spanish cedar humidor, custom display cabinetry, approximately 130 Davidoff cigar lockers, executive boardroom space, luxury lounge seating, integrated audio/visual systems, a Davidoff-branded double-sided fireplace, and a heated outdoor patio.
The property benefits from a sophisticated air management system specifically engineered for cigar operations, including carbon filtration, radiant heat, radiant heated floors, and a German-designed humidification system. Ownership reports investing more than $250,000 into the HVAC and air circulation systems alone.
An additional third-floor level expands the property's functionality with approximately 2,000 SF of event and gathering space currently utilized for billiards tournaments, private events, and entertainment purposes. This flexible area creates opportunities for memberships, private functions, corporate events, and additional revenue generation.
Whether utilized as a cigar lounge, private membership club, hospitality venue, entertainment concept, or specialty retail destination, the property offers a highly distinctive environment in one of Chattanooga's most desirable downtown locations.