105 Porter StSoddy-Daisy, TN 37379

Property Details for 105 Porter St

Year built

2005

Lot size

0.25 AC

Property size (Sq ft)

448 SF

Zone code

RR

Property type

Office properties

APN

066H A 004

APU

066HA004

Description

This exceptional 0.49-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Soddy-Daisy, Tennessee market. Located at 105 & 107 Porter Street, this property boasts a highly desirable C-2 and R zoning designation, offering flexibility for a wide range of commercial and residential development possibilities. Its prime location places it directly adjacent to established medical offices and restaurants, ensuring high visibility and convenient access for potential businesses. The property fronts a busy highway, guaranteeing significant traffic exposure. Existing structures on the lot are to be demolished, allowing for complete customization of the site. The current month-to-month tenancy will vacate upon closing. This is an estate sale, and the seller is open to considering all offers. The property is situated in Hamilton County, Tennessee, with a zip code of 37379. The coordinates are 35.239264 latitude and -85.1964904 longitude. This is a rare chance to acquire a highly visible and versatile property in a rapidly growing area. Don't miss this opportunity to build your dream business or develop a profitable investment. The asking price is $390,000.

• CAP approach

  CAP return

  Valuation

  6%

  $94,754

  6.5%

  $87,465

  7%

  $81,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,975

  Geo Method

  $87,387

• Alternative Use

  Use

  Valuation

  Residential

  $108,457

  Hospitality

  $99,346

  Educational

  $82,655

  Medical

  $85,497

  Retail

  $128,574

Location Insight

City

Soddy Daisy

County

Hamilton

State

Tennessee

Latitude

35.2392

Longitude

-85.1966

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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