3411 Dayton BlvdChattanooga, TN 37415

Property Details for 3411 Dayton Blvd

Year built

1925

Lot size

0.33 AC

Property size (Sq ft)

1,696 SF

Zone code

R4

Property type

Office properties

APN

118A D 007

APU

118AD007

Description

This 1,696 square foot, single-story office building located at 3411 Dayton Blvd in Chattanooga, Tennessee, presents a unique owner-user opportunity. Situated on a 0.33-acre double lot with 108 feet of frontage on Dayton Boulevard, this property boasts high visibility and accessibility, benefiting from over 14,000 vehicles passing daily. Built in 1925 and renovated in 2018, the building features three offices, ample storage, a large lobby/reception area, a bathroom, and a side porch. Recent updates include a new roof, HVAC system, electrical, and plumbing. The property's versatile layout has previously accommodated a realty office, insurance office, and music store. The expansive parking lot is located on the side parcel, while the rear of the property offers a large yard leading to an alleyway. The property is zoned C-2. This vacant building is available immediately. Note that an adjacent lot with a rental house is available for separate purchase, offering potential for expansion or development. Combining both lots would create a 0.5-acre site with 158 feet of road frontage, ideal for a larger tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $406,540

  6.5%

  $375,267

  7%

  $348,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,261

  Geo Method

  $330,822

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $750,337

  Retail / Commercial

  $382,514

  Mixed-Use / Specialty

  $379,372

  Hospitality / Lodging

  $276,019

  Institutional / Educational

  $393,759

  Residential Income

  $460,698

  Multifamily

  $562,390

  Automotive / Energy

  $337,508

  Parking / Income-Based Land

  $118,226

  Restaurant / Food Service

  $193,521

  Healthcare / Senior Housing

  $390,862

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.1114

Longitude

-85.2948

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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