1409 51St StChattanooga, TN 37407

  • Commercial land
  • 0.33 AC
For Lease
$15.50/SF/YR View listing

Property Details for 1409 51St St

Lot size
0.33 AC
Zone code
M1
Property type
Commercial land
APN
168P B 032
APU
168PB032

Description

This exceptional Class A industrial property in Chattanooga's Rossville submarket offers a 2,400-square-foot warehouse suite available for lease. Located at 1409 E 51st St, Chattanooga, TN 37407, this single-story building, constructed in 2023, boasts a 20-foot ceiling height and features two 16' x 16' fully insulated garage doors. The suite includes a well-appointed office space with air conditioning, durable concrete flooring, and a kitchen equipped with new appliances. Additional amenities include a janitor's closet and a large commercial-grade gas heater. Three-phase 200-amp power ensures ample capacity for diverse operational needs. The property sits on 0.33 acres of land with a 138' x 105' frontage, providing excellent accessibility. Ten parking spaces are available for shared use. Individual metering for water, gas, and power ensures efficient cost management. The property is zoned M-1 and has an APN of 168P-B-032. This suite is part of a larger building with a total of 4,800 square feet, divided into two 2,400-square-foot suites. The adjacent suite is currently leased. The building is also available for sale, presenting an opportunity for owner-users seeking passive income. This prime location offers easy access to I-24 and downtown Chattanooga. Annual property taxes are $0.06 per square foot.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,431,642
    Hospitality
    $3,143,366
    Educational
    $2,615,243
    Medical
    $2,705,186
    Retail
    $4,068,156

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
34.9852
Longitude
-85.2943
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
$153
-
-
$6,840
-
$17,100
-
$17,100

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