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2401 BROAD ST
CHATTANOOGA, TN 37408-2922
Asking Price
$2.35M
Asset Type
Storefront Retail
Class
Class B
What's Special
Growing South Broad Corridor, and Blocks from the New Erlanger Park. HIGH VISIBILITY <ul><li>6,762 SF mixed-use building</li><li>Zoning: C-MU1 (Commercial Mixed-Use)</li><li>South Broad District</li><li>2 tenants in place | Cash flowing at closing</li><li>2 available suites | Owner-user ready or lease-up opportunity</li><li>Built 1910 | Proven Southside location</li><li>28 on-site FREE parking spaces</li><li>Direct access to I-24 and downtown Chattanooga</li></ul>
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NOI
$80,000
Cap Rate
3.40%
DSCR
0.57
Underwater
Cash-on-Cash
-8.44%
Monthly Payment
$11,626.518
Annual Cash Flow
$-59,518.214
