739 Ashland TerChattanooga, TN 37415
- Mixed-use properties
- 17,303 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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