6143 Ooltewah Georgetown RdOoltewah, TN 37363

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

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.

• 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

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

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