2000 Chestnut StChattanooga, TN 37408

Property Details for 2000 Chestnut St

Year built

1950

Lot size

0.56 AC

Property size (Sq ft)

12,438 SF

Zone code

M1

Property type

Warehouses

APN

145K G 002

APU

145KG002

Description

This exceptional 12,438-square-foot industrial property, located at 2000 Chestnut Street in Chattanooga, Tennessee, presents a compelling investment opportunity. Situated on a 0.49-acre lot in Hamilton County (zip code 37408), this light industrially zoned warehouse boasts a prime location across from Finley Stadium and the Chattanooga Market, offering excellent visibility and accessibility. The building currently houses Associated Equipment, an HVAC wholesaler, who are willing to lease back the property on a triple net (NNN) basis at fair market value for at least 12 months. This provides a built-in income stream for the new owner. The warehouse features two loading docks and two drive-in doors with manual roll-up doors, facilitating efficient loading and unloading operations. The asking price for this single-tenant property is $1,500,000. Its strategic location provides easy access to Interstates 24 and 75, enhancing its logistical advantages and appeal to a wide range of potential tenants or owner-occupiers. This property is ideal for investors seeking a strong return on investment or businesses looking for a well-equipped space in a thriving Chattanooga location. The property is classified as both industrial and office use.

• CAP approach

  CAP return

  Valuation

  6%

  $5,961,330

  6.5%

  $5,502,770

  7%

  $5,109,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,241,640

  Geo Method

  $3,881,850

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,805,250

  Mixed-Use / Specialty

  $2,782,210

  Hospitality / Lodging

  $2,024,250

  Office

  $2,752,110

  Institutional / Educational

  $2,887,720

  Residential Income

  $3,378,630

  Multifamily

  $4,124,420

  Automotive / Energy

  $2,475,190

  Parking / Income-Based Land

  $867,036

  Restaurant / Food Service

  $1,419,230

  Healthcare / Senior Housing

  $2,866,480

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0337

Longitude

-85.3154

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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