739 Ashland TerChattanooga, TN 37415

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

Industrial properties

Property subtype

Industrial live-work 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.

• 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

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

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