6143 Ooltewah Georgetown RdOoltewah, TN 37363

  • Office properties
  • 2,016 SF
For Lease
$360/SF/YR View listing

Property Details for 6143 Ooltewah Georgetown Rd

Year built
1941
Lot size
1.68 AC
Property size (Sq ft)
2,016 SF
Zone code
O1
Property type
Office properties
Property subtype
Other office properties
APN
132 008
APU
132008

Description

This exceptional Class A retail property in Ooltewah, Tennessee, presents a unique investment opportunity. Located at 6143 Ooltewah Georgetown Rd, zip code 37363, this newly constructed (2023) building offers a total of 2,800 square feet of versatile space, ideal for medical, office, or retail uses. The property boasts a highly visible location, just 0.6 miles from Cambridge Square, ensuring excellent exposure to potential customers. The building features two suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 2,800 square feet, offering flexibility for various tenant needs. Currently, the entire 2,800 square feet is vacant, providing an immediate opportunity for occupancy. Ample parking is available, with 20-30 spaces accommodating both tenants and customers. The property is zoned C2 and features readily available power. While elevators are not present, the building's design prioritizes accessibility and ease of use. This prime retail space represents a compelling investment in a thriving Ooltewah location. Don't miss this chance to secure a brand-new, high-visibility property in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $426,393
    6.5%
    $393,593
    7%
    $365,480
  • Comparable approach

    Method
    Valuation
    Relative Method
    $328,386
    Geo Method
    $393,241
  • Alternative Use

    Use
    Valuation
    Residential
    $488,056
    Hospitality
    $447,056
    Educational
    $371,946
    Medical
    $384,738
    Retail
    $578,582
6143 Ooltewah Georgetown Rd, Ooltewah, Tennessee

Location Insight

City
Ooltewah
County
Hamilton
State
Tennessee
Latitude
35.0892
Longitude
-85.0555
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,427
-
-
$285,080
-
$512,300
$200,400
$712,700

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