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Friday, November 13, 2026Nov 13

Restaurant site near Hamilton Place mall is on the market and could be yours for $7.67 million

Photography by Mike Pare / The building that once held a Red Lobster restaurant near Hamilton Place mall is shown in January 2024. The property is on the market with an asking rice of $7.67 million.
Photography by Mike Pare / The building that once held a Red Lobster restaurant near Hamilton Place mall is shown in January 2024. The property is on the market with an asking rice of $7.67 million. Photography by Mike Pare / The building that once held a Red Lobster restaurant near Hamilton Place mall is shown in January 2024. The property is on the market with an asking rice of $7.67 million.

Note: This story was updated on March 30 to clarify in the headline that the Red Lobster restaurant has not closed.

A Hamilton Place building near the mall that holds a well-known restaurant may be ready to serve up a change of ownership.

The 9,100-square-foot building holds the Red Lobster restaurant, where there is a long-term lease on the property at 2200 Bams Dr., according to commercial real estate broker Glen Kunofsky of NNN Pro Group.

The asking price is $7.67 million for the structure that sits on a nearly two-acre lot.

Bams Drive is located close to Hamilton Place mall, which is the No. 1 retail center in the Chattanooga area. The building is situated near a number of other retail and commercials structures, including close proximity to a couple of shopping centers holding major tenants.