1001 Carter StChattanooga, TN 37402
- Healthcare properties
- 12,576 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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