For Sale
$2,850,000

7003 Shallowford RdChattanooga, TN 37421

10,527 SF Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 10,527-square-foot medical office building situated at 7003 Shallowford Road in Chattanooga, Tennessee. The property, built in 1988 and renovated in 2000, boasts a Class C designation and is currently 100% occupied under a triple-net (NNN) lease structure. The building comprises two stories, offering approximately 5,264 square feet per floor, and features 27 surface parking spaces, providing a generous parking ratio of 2.7 spaces per 1,000 square feet. The asking price is $2,850,000, representing a price per square foot of $270.73 and a projected cap rate of 6.00%. The 0.99-acre lot is zoned C2, allowing for a variety of potential uses. This multi-tenant building is located in an established area of Chattanooga, offering excellent visibility and convenient access to I-75. The property's strong occupancy rate and desirable location make it an attractive investment prospect for discerning buyers. The Hamilton County address is further specified by APN 033149A A 00600P000 and the zip code is 37421.

Highlights

  • 10,527 SF medical office building in Chattanooga, TN.
  • 2.7 parking spaces per 1,000 SF.
  • 5,264 SF per floor.
  • Surface parking.
  • Executive suites, medical, and general office space available.

Property Details for 7003 Shallowford Rd

Property type
Office properties, Medical offices
Square Feet
10,527 SF
Class
C
Year Built/Renovated
1988/2000
Buildings
1
Stories
2
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0444055
Longitude
-85.1597856
7003 Shallowford Rd, Chattanooga, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7003 Shallowford Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message