For Sale
$1,545,000

5821 Lee HwyChattanooga, TN 37421

12,707 SF Multi-Tenant Storefront

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add opportunity presents a 12,707 square foot multi-tenant storefront located at 5817-5821 Lee Hwy in Chattanooga, Tennessee. The property, built in 1990, sits on a 0.65-acre lot and boasts 100% occupancy with four units, generating a strong net operating income (NOI) of $70,716 and a 4.58% cap rate. Currently operating under a modified lease structure, the property offers significant upside potential. The asking price is $1,545,000, translating to $121.59 per square foot. Situated in the desirable East Brainerd area, this Class C property benefits from a prime location with high visibility and accessibility. The C2 zoning allows for flexible use, including retail, office, or mixed-use development. The surrounding area demonstrates strong demographics, including a high average household income exceeding $75,000 and a well-educated population. This presents a compelling investment opportunity for those seeking to capitalize on a thriving market and enhance the property's value through strategic renovations or lease-up strategies. The property's strong current performance, combined with its potential for future growth, makes it an attractive addition to any investment portfolio.

Highlights

  • 12,707 SF multi-tenant retail building on a 0.65-acre lot in Chattanooga, TN.
  • 100% occupied, generating $70,716 NOI and a 4.58% cap rate.
  • Asking price: $1,545,000 ($121.59/SF).
  • Prime East Brainerd location with high visibility and accessibility; C2 zoning.
  • Strong demographics with high average household income exceeding $75,000.

Property Details for 5821 Lee Hwy

Property type
Retail properties, Retail space
Square Feet
12,707 SF
Class
C
Year Built
1990
Lot Size (sq. ft)
28,314 SF
Units
4

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0222872
Longitude
-85.1991036
5821 Lee Hwy, Chattanooga, Tennessee

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5821 Lee Hwy
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