105 Lee Parkway DrChattanooga, TN 37421

Property Details for 105 Lee Parkway Dr

Year built

1986

Lot size

1.62 AC

Property size (Sq ft)

18,858 SF

Zone code

C2

Property type

Office properties

Property subtype

Other office properties

APN

148D E 022.03

APU

148DE02203

Description

This single-story, 17,500 square foot Class B office building, situated on 1.62 acres of land, presents a fantastic opportunity for businesses seeking flexible space. Built in 1986 and renovated in 2015, the Lee Parkway Professional Center offers multiple tenancy options, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 3,000 square feet. Currently, 5,000 square feet is available. The property boasts excellent road frontage and visibility, strategically located near Hamilton Place Mall, providing convenient access to I-75 and Highway 153 via Shallowford Road and Lee Highway. Ample on-site surface parking is available for tenants and their clients. The building is zoned C1 and features a single story design. The property's address is further identified by its APN: 148D E 022.03 and its cross streets are Lee Parkway and Jordan Drive. This well-maintained property is ideal for a variety of professional uses, including medical, executive, and traditional office spaces. The property's convenient location and ample parking make it an attractive option for businesses seeking a high-visibility location with easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $3,988,549

  6.5%

  $3,681,738

  7%

  $3,418,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,071,779

  Geo Method

  $3,678,442

• Alternative Use

  Use

  Valuation

  Residential

  $4,565,355

  Hospitality

  $4,181,840

  Educational

  $3,479,242

  Medical

  $3,598,899

  Retail

  $5,412,154

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0463

Longitude

-85.1627

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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