9298 Apison PikeOoltewah, TN 37363

Property Details for 9298 Apison Pike

Year built

2008

Lot size

1.00 AC

Property size (Sq ft)

1,032 SF

Property type

Medical offices

Property subtype

Medical centers

APN

140 188.18C004

APU

14018818C004

Description

This exceptional commercial property, located at 9298 Apison Pike in Ooltewah, Tennessee, presents a unique investment opportunity. The 1,450 square foot retail space houses a well-established and reputable bakery, "Piece-A-Cake Bakery," which is included in the sale. The fully equipped bakery features display cases, kitchen appliances, prep stations, stainless steel tables, a walk-in freezer, refrigerator, oven, and sinks – all ready for immediate operation. The building, constructed in 2008, sits on a 0.74-acre lot and boasts charming architecture and excellent condition, including ample parking. Its prime location offers high visibility and foot traffic, just blocks from Collegedale Commons, Imagination Station, the Wolftever Creek Greenway, Little Debbie Park, and The Greenbrier. Convenient access to I-75, Volkswagen exit, and Ooltewah's exit 11, along with proximity to Southern Adventist College, ensures a strong customer base. The property is a deeded commercial unit with a $220 monthly CAM fee covering roof, exterior, insurance, fire protection, lighting, waste removal, parking lot, and landscaping. A five-year-old HVAC system (with a remaining warranty) and all-electric utilities (water and sewer) contribute to efficient operation. The current owner will provide training to the buyer, allowing for continued bakery operation or expansion into other retail ventures. The asking price is $659,000, and there are no franchise fees associated with the bakery.

• CAP approach

  CAP return

  Valuation

  6%

  $218,272

  6.5%

  $201,482

  7%

  $187,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,102

  Geo Method

  $201,302

• Alternative Use

  Use

  Valuation

  Residential

  $249,838

  Hospitality

  $228,850

  Educational

  $190,401

  Medical

  $196,949

  Retail

  $296,179

Location Insight

City

Ooltewah

County

Hamilton

State

Tennessee

Latitude

35.0614

Longitude

-85.0722

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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