5821 Lee HwyChattanooga, TN 37421

Property Details for 5821 Lee Hwy

Year built

1962

Lot size

1.00 AC

Property size (Sq ft)

12,707 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

158A C 011

APU

158AC011

Description

This exceptional value-add opportunity presents a 12,707 square foot multi-tenant storefront located at 5817-5821 Lee Hwy in Chattanooga, Tennessee. The property, built in 1990, sits on a 0.65-acre lot and boasts 100% occupancy with four units, generating a strong net operating income (NOI) of $70,716 and a 4.58% cap rate. Currently operating under a modified lease structure, the property offers significant upside potential. The asking price is $1,545,000, translating to $121.59 per square foot. Situated in the desirable East Brainerd area, this Class C property benefits from a prime location with high visibility and accessibility. The C2 zoning allows for flexible use, including retail, office, or mixed-use development. The surrounding area demonstrates strong demographics, including a high average household income exceeding $75,000 and a well-educated population. This presents a compelling investment opportunity for those seeking to capitalize on a thriving market and enhance the property's value through strategic renovations or lease-up strategies. The property's strong current performance, combined with its potential for future growth, makes it an attractive addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $3,950,751

  6.5%

  $3,646,847

  7%

  $3,386,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,216,004

  Geo Method

  $6,246,141

• Alternative Use

  Use

  Valuation

  Residential

  $3,076,252

  Hospitality

  $2,817,830

  Educational

  $2,344,402

  Medical

  $2,425,030

  Retail

  $3,646,847

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0223

Longitude

-85.1993

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].