1001 Carter StChattanooga, TN 37402

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

Medical offices

Property subtype

Medical space

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.

• 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

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