4747 Highway 58Chattanooga, TN 37416

Property Details for 4747 Highway 58

Year built

1957

Lot size

0.93 AC

Property size (Sq ft)

1,886 SF

Zone code

C2

Property type

Medical offices

Property subtype

Medical centers

APN

129B D 007

APU

129BD007

Description

This exceptional Chattanooga, TN retail property offers a compelling investment opportunity. The property consists of three tenants: a Family Dollar, an urgent care facility, and a luxury beauty supply store, occupying a combined 26,210 square feet on a 2.39-acre lot at 4747 and 4749 Hwy 58, zip code 37416. Currently operating at 100% occupancy, this multi-tenant retail center generates a substantial net operating income (NOI) of $204,466, representing a 7.43% cap rate. The asking price is $2,750,000, translating to $104.92 per square foot. The property benefits from a prime location on a major thoroughfare connecting Georgia and Tennessee, ensuring high visibility and accessibility. Surrounded by residential areas and other established businesses, this investment presents a strong potential for continued growth and return. The versatile space is ideal for a variety of retail ventures, making it an attractive option for savvy investors seeking a stable, high-performing asset in a thriving market. This is a net lease investment, minimizing management responsibilities. The property's strategic location within a densely populated area, combined with its strong tenant mix, makes it a highly desirable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $398,897

  6.5%

  $368,213

  7%

  $341,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,210

  Geo Method

  $367,883

• Alternative Use

  Use

  Valuation

  Residential

  $456,584

  Hospitality

  $418,228

  Educational

  $347,961

  Medical

  $359,928

  Retail

  $541,273

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0879

Longitude

-85.1903

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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