824 Dodson AveChattanooga, TN 37406

Property Details for 824 Dodson Ave

Year built

1989

Lot size

0.64 AC

Property size (Sq ft)

6,720 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

146D E 019

APU

146DE019

Description

This vacant, 6,720 square foot retail property located at 824 Dodson Avenue in Chattanooga, Tennessee, presents a compelling value-add opportunity. The single-story building, constructed in 1989 and renovated in 1994, sits on a 0.64-acre lot and is zoned C2. The property features three equally sized units, ideal for a variety of retail uses, and boasts ample parking. The asking price is $550,000, representing a price per square foot of $81.85 and a land value of $859,375 per acre. The property offers a projected 8.00% cap rate. With its strategic location on Dodson Avenue in Hamilton County (zip code 37406), this property is well-positioned for future growth and offers significant potential for increased rental income. The property includes pylon signage. This is a Class C property with one building. The property's APN is 146d E 019. This is a vacant property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,089,325

  6.5%

  $1,928,607

  7%

  $1,790,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,758,444

  Geo Method

  $3,303,224

• Alternative Use

  Use

  Valuation

  Residential

  $1,626,852

  Hospitality

  $1,490,188

  Educational

  $1,239,819

  Medical

  $1,282,458

  Retail

  $1,928,607

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0454

Longitude

-85.2635

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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