The Chatt Inn

📍 2000 E 23rd St, Chattanooga, TN 37404
💰 $12M As-Is | $18M Fully Renovated
🛏 155 Units | 4+ Acres | Zoned for Apartments

1. Large-Scale Conversion with Zoning in Place

The Chatt Inn presents a 155-unit repositioning opportunity already zoned for apartment use. With entitlement risk minimized, investors can focus directly on renovation and stabilization.

2. Flexible Operational Strategy

Offered as-is or fully completed, the property can operate as extended stay or transition into apartment units upon renovation completion. Kitchenettes will be added, positioning the asset for long-term residential or workforce demand.

3. Strategic Chattanooga Location

Situated minutes from downtown Chattanooga with direct access to a bus line, the property benefits from strong accessibility. The 4+ acre site includes a 5,000 sq. ft. ballroom/conference center and a leased 2,100 sq. ft. Home Slice Pizza space — adding additional income potential and adaptive reuse flexibility.

4. Scale + Land = Long-Term Value

With over four acres in an urban corridor, this asset provides room for operational flexibility, potential phased improvements, and strong repositioning upside in a growing Tennessee market.