739 Ashland TerChattanooga, TN 37415

  • Mixed-use properties
  • 17,303 SF
For Lease
$12.36/SF/YR View listing

Property Details for 739 Ashland Ter

Year built
1974
Lot size
1.88 AC
Property size (Sq ft)
17,303 SF
Zone code
C2
Property type
Mixed-use properties
Property subtype
Other industrial properties
APN
109N E 026.01
APU
109NE02601

Description

This 17,303 square foot, two-story commercial plaza, located at 739 Ashland Terrace in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1974 and zoned C-2, the property features 20 suites, with 2,475 square feet currently vacant. Suite sizes range from a minimum of 600 square feet to a maximum contiguous space of 1,650 square feet, making it ideal for a variety of businesses. The property sits on a 1.88-acre lot and offers ample parking for tenants and customers, including a dedicated area suitable for food trucks or seasonal vendors. Its strategic location in the Red Bank submarket provides excellent visibility and accessibility, with convenient access to downtown Chattanooga, Hixson Pike, and Highway 153. The property's diverse suite sizes and ample parking make it an attractive option for retail, office, and restaurant tenants seeking a prominent location in a thriving Chattanooga neighborhood. The property's APN is 109N E 026.01. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment. The property's versatility and prime location make it a highly desirable asset in the competitive Chattanooga market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,537,978
    6.5%
    $4,188,903
    7%
    $3,889,696
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,368,652
    Geo Method
    $5,231,441
  • Alternative Use

    Use
    Valuation
    Residential
    $4,188,903
    Hospitality
    $3,837,013
    Educational
    $3,192,350
    Medical
    $3,302,139
    Retail
    $4,965,877
739 Ashland Ter, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.1166
Longitude
-85.2744
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
$7,482
-
-
$334,440
-
$393,100
$443,000
$836,100

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