1001 Carter StChattanooga, TN 37402

  • Healthcare properties
  • 12,576 SF
For Lease
$24/SF/YR View listing

Property Details for 1001 Carter St

Year built
1966
Lot size
1.11 AC
Property size (Sq ft)
12,576 SF
Zone code
C3
Property type
Healthcare properties
Property subtype
Medical offices
APN
145C E 002
APU
145CE002

Description

This exceptional Class A office space, located at 1001 Carter St, Chattanooga, TN, offers 1,550 square feet of versatile layout in a single-story, 12,576 square foot building. Built in 1965, the property boasts a 10-foot ceiling height and abundant natural light. The suite is immediately available within a building featuring 70 parking spaces, a significant advantage in the downtown area. The property sits on a 1.16-acre lot and is zoned for commercial use. Utilities are provided by EPB. While there are no elevators, the single-story design ensures easy accessibility. The convenient location near major highways and public transportation offers easy access for employees and clients. The surrounding area provides a wealth of dining, retail, and recreational options. Property taxes are $0.17 per square foot. The building's floor area ratio (FAR) is 7.91. The property's APN is 145C E 002, and it's situated in the Downtown submarket, near W MLK Cross Street. This prime location presents a unique opportunity for businesses seeking a functional and stylish office space in the heart of Chattanooga. The minimum divisible space is 1,550 square feet, and the maximum contiguous space available is also 1,550 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,659,879
    6.5%
    $2,455,273
    7%
    $2,279,896
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,048,504
    Geo Method
    $2,453,074
  • Alternative Use

    Use
    Valuation
    Residential
    $3,044,538
    Hospitality
    $2,788,781
    Educational
    $2,320,233
    Medical
    $2,400,029
    Retail
    $3,609,251
1001 Carter St, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0447
Longitude
-85.3128
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
$12,602
-
-
$563,280
-
$759,500
$648,700
$1,408,200

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