418 Lake AveRossville, GA 30741

Property Details for 418 Lake Ave

Year built

2008

Construction

STEEL FRAME

Lot size

4.06 AC

Property size (Sq ft)

104,420 SF

Zone code

I2

Property type

Industrial properties

APN

2002 093

APU

2002093

Description

The Brockway Building, located at 418 W Lake Ave, Rossville, GA 30741, offers 119,478 square feet of industrial space across three, single-story buildings. This Class B property, built in 1990 and renovated in 2022, features 30-foot ceilings, 13 loading docks, and one drive-in. The minimum divisible space is 19,000 square feet, with a maximum contiguous space of 119,478 square feet. Situated on a 4.9-acre lot, the property is zoned I2 and benefits from its location in the Rossville submarket of Chattanooga, TN, a highly incentivized area with numerous planned redevelopment projects nearby. Its strategic location provides easy access to US Route 27, downtown Chattanooga (5.5 miles), and the Chattanooga Metro Airport (8.3 miles). This makes it an ideal location for businesses needing efficient transportation logistics. The property's multiple suites offer flexibility for various business needs. This is a rare opportunity to acquire a substantial industrial property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $50,046,800

  6.5%

  $46,197,100

  7%

  $42,897,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,214,400

  Geo Method

  $32,589,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $23,550,700

  Mixed-Use / Specialty

  $23,357,400

  Hospitality / Lodging

  $16,994,100

  Office

  $23,104,600

  Institutional / Educational

  $24,243,100

  Residential Income

  $28,364,400

  Multifamily

  $34,625,500

  Automotive / Energy

  $20,779,800

  Parking / Income-Based Land

  $7,278,980

  Restaurant / Food Service

  $11,914,800

  Healthcare / Senior Housing

  $24,064,700

Location Insight

City

Rossville

County

Walker

State

Georgia

Latitude

34.9823

Longitude

-85.2931

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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