5022 Old Godsey LnChattanooga, TN 37343

Property Details for 5022 Old Godsey Ln

Year built

2001

Lot size

1.00 AC

Property size (Sq ft)

2,870 SF

Zone code

R4

Property type

Healthcare properties

Property subtype

Medical offices

APN

110J A 010 C002

APU

110JA010C002

Description

This exceptional medical office space, located within the Hamill Professional Center at 5022 Old Godsey Ln, Chattanooga, TN 37343, offers a single-tenant opportunity totaling 7,192 square feet currently available for lease. Situated in the highly desirable Hixson area, this property enjoys a prime location just off Highway 153 and Hamill Road, providing excellent visibility and accessibility. The building's strategic placement directly across from CHI Memorial Hospital's Hixson campus and adjacent to medical offices along Northpoint Blvd ensures high traffic and a strong patient base. The Hamill Professional Center boasts a prestigious tenant roster, including North River Periodontics and Implants, Benchmark Physical Therapy, CHI Memorial's MaryEllen Locher Breast Center, and Implants & Oral Surgery of Chattanooga. The space, previously occupied by an optical center, is readily adaptable for continued medical use or conversion to general office space. The entire building encompasses 25,000 square feet. This presents a unique chance to establish or expand a medical practice in a thriving medical corridor with strong existing medical synergy. The property's convenient location and impressive co-tenancy make it an ideal investment for discerning businesses seeking a high-profile presence in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $607,018

  6.5%

  $560,324

  7%

  $520,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,494

  Geo Method

  $559,822

• Alternative Use

  Use

  Valuation

  Residential

  $694,802

  Hospitality

  $636,434

  Educational

  $529,506

  Medical

  $547,717

  Retail

  $823,676

Location Insight

City

Hixson

County

Hamilton

State

Tennessee

Latitude

35.1259

Longitude

-85.2363

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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