910 Dodson AveChattanooga, TN 37406

Property Details for 910 Dodson Ave

Year built

1940

Lot size

0.18 AC

Property size (Sq ft)

1,453 SF

Zone code

R2

Property type

Retail properties

Property subtype

Retail space

APN

146D D 029.01

APU

146DD02901

Description

This exceptional Chattanooga, TN property, located at 910 Dodson Avenue, presents a significant value-add opportunity for owner-users or investors. The 1,453 square foot vacant retail building sits on a highly visible corner lot spanning 8,002 square feet, offering substantial potential. Previously used as a convenience store, this Class C building, constructed in 1940, features an open interior layout, a service counter, and ample storage space. Its C2 zoning allows for a variety of uses, including a convenience store or restaurant. Strategically positioned near CHI Memorial Hospital and CVS Pharmacy, this property benefits from its proximity to established businesses and Chattanooga's thriving economic environment. The asking price is $325,000, translating to $223.68 per square foot. The single-story building is situated on a large lot, providing ample space for expansion or outdoor amenities. This prime location in a growing city makes this a compelling investment prospect. The property's vacant status allows for immediate customization to suit a new owner's vision. This is a rare chance to acquire a well-located retail space in a desirable area of Chattanooga.

• CAP approach

  CAP return

  Valuation

  6%

  $451,754

  6.5%

  $417,004

  7%

  $387,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,431

  Geo Method

  $714,224

• Alternative Use

  Use

  Valuation

  Residential

  $351,758

  Hospitality

  $322,209

  Educational

  $268,074

  Medical

  $277,293

  Retail

  $417,004

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0464

Longitude

-85.263

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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