1401 Williams St, Chattanooga, TN 37408

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Building Details:

• Year Built: 1910

1401 Williams St is located in Chattanooga, TN.

This jewel of a building is nearly 100% occupied. It is a beautiful 2-story building with a abasement with very vibrant tenants. This building is well known by the art galleries which are tenants. The 1401 Gallery and Southside Antiques are located here. The first floor has primarily retail tenants and while the second floor has office users which include the March of Times and IKON Office Solutions. The building is strategically located at the corner of Williams and E 14th street located in the heart of the Southside art district. The building was built in 1910 and is typical of that era’s use of huge oak beams and oak flooring. The basement has self-storage bins used by the tenants at no charge. There is a freight elevator that services all three floors.
At current occupancy the investment Cap Rate is 10-11% with a year to date rate of about 8%. Many of the tenants are very long term tenants though the leases are typically one year in length. Presently, there are 15 tenants. The building is in excellent shape. Most of the retail users for the building park at the building or on street.