Mixed-Use
Cherry Street Portfolio | Chattanooga, TN
723 Cherry St, Chattanooga, TN 37402
Listing Price: $6,500,000
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in two historic buildings, totaling 21,250 square feet in Chattanooga’s Innovation District. Each property stands three stories tall, and were recently rezoned to D-CX-12 (Downtown Core Commercial Mixed-Use), permitting vertical development of up to 12 stories. The zoning enhancement unlocks significant redevelopment potential, making the site ideal for high-demand mixed-use projects, including luxury residential, office, and retail spaces. Nearly all floors and spaces are turn-key, offering immediate occupancy for an owner-user, a seamless lease-up opportunity for value-add investors, or the flexibility to be re-purposed for a new vision.
With over $3 million invested in premium build-outs by the current owner—featuring designs by renowned architects and luxury brand designers—these properties offer an unparalleled opportunity to attract tenants seeking high-quality, dynamic spaces. Situated in the heart of Chattanooga’s most vibrant district, the buildings benefit from a prime location surrounded by thriving businesses, Cooper’s Alley, and the University of Tennessee at Chattanooga (UTC). This ensures strong demand, premium rental rates, and sustained long-term value.
As a cornerstone of the Innovation District—an area renowned for fostering creativity, entrepreneurship, and community—these properties present a premier investment opportunity, poised for both immediate returns and long-term appreciation. Positioned between the Appalachian Mountains and the Cumberland Plateau, the Chattanooga metropolitan area boasts a thriving economy and a steadily growing population. With an expected influx of 18,000 new residents over the next five years, demand for high-quality mixed-use space will only continue to rise, further solidifying this offering as a rare and lucrative investment opportunity.
Investment Highlights
- Prime Investment Opportunity in the Heart of Chattanooga, TN | Ideal for Owner-Users or Investors
- Two-Property Portfolio | Includes the Historic Chattanooga Billiard Club & Burns Building | +/- $3.3 Million Invested in High-End Custom Build-Outs & Capital Improvements Across Both Properties
- Davidoff Lounge Featured in the Chattanooga Billiard Club Building | FF&E Included in Sale, Contact Broker for More Info
- Direct Cooper's Alley Access |Award-Winning CityThread Installation | Vibrant Pedestrian Hub Driving Foot Traffic | Strategic Location in Chattanooga's Thriving Innovation District & within an Opportunity Zone
- Strong Demographics | Less than 1 Mile from the University of Tennessee at Chattanooga (11,300+ Students) | Chattanooga – "Gig City" | Features a Fully Integrated 10 Gbps Infrastructure, Fueling Tech Innovation & Market Growth
- Proximity to the $1.3 Billion Development Known as The Bend | Future 120-Acre Mixed-Use Community
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $6,500,000
Investment Highlights
- Prime Investment Opportunity in the Heart of Chattanooga, TN | Ideal for Owner-Users or Investors
- Two-Property Portfolio | Includes the Historic Chattanooga Billiard Club & Burns Building | +/- $3.3 Million Invested in High-End Custom Build-Outs & Capital Improvements Across Both Properties
- Davidoff Lounge Featured in the Chattanooga Billiard Club Building | FF&E Included in Sale, Contact Broker for More Info
- Direct Cooper's Alley Access |Award-Winning CityThread Installation | Vibrant Pedestrian Hub Driving Foot Traffic | Strategic Location in Chattanooga's Thriving Innovation District & within an Opportunity Zone
- Strong Demographics | Less than 1 Mile from the University of Tennessee at Chattanooga (11,300+ Students) | Chattanooga – "Gig City" | Features a Fully Integrated 10 Gbps Infrastructure, Fueling Tech Innovation & Market Growth
- Proximity to the $1.3 Billion Development Known as The Bend | Future 120-Acre Mixed-Use Community
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in two historic buildings, totaling 21,250 square feet in Chattanooga’s Innovation District. Each property stands three stories tall, and were recently rezoned to D-CX-12 (Downtown Core Commercial Mixed-Use), permitting vertical development of up to 12 stories. The zoning enhancement unlocks significant redevelopment potential, making the site ideal for high-demand mixed-use projects, including luxury residential, office, and retail spaces. Nearly all floors and spaces are turn-key, offering immediate occupancy for an owner-user, a seamless lease-up opportunity for value-add investors, or the flexibility to be re-purposed for a new vision. With over $3 million invested in premium build-outs by the current owner—featuring designs by renowned architects and luxury brand designers—these properties offer an unparalleled opportunity to attract tenants seeking high-quality, dynamic spaces. Situated in the heart of Chattanooga’s most vibrant district, the buildings benefit from a prime location surrounded by thriving businesses, Cooper’s Alley, and the University of Tennessee at Chattanooga (UTC). This ensures strong demand, premium rental rates, and sustained long-term value. As a cornerstone of the Innovation District—an area renowned for fostering creativity, entrepreneurship, and community—these properties present a premier investment opportunity, poised for both immediate returns and long-term appreciation. Positioned between the Appalachian Mountains and the Cumberland Plateau, the Chattanooga metropolitan area boasts a thriving economy and a steadily growing population. With an expected influx of 18,000 new residents over the next five years, demand for high-quality mixed-use space will only continue to rise, further solidifying this offering as a rare and lucrative investment opportunity.
Exclusively Listed By
Broker of Record
Financing By

