2507 Mccallie AveChattanooga, TN 37404

Property Details for 2507 Mccallie Ave

Year built

1925

Lot size

0.15 AC

Property size (Sq ft)

1,686 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

146K V 022

APU

146KV022

Description

This exceptional investment opportunity presents two commercial buildings totaling 3,175 square feet on a combined 0.32-acre lot in Chattanooga, Tennessee. Located on McCallie Avenue, these properties boast 100 feet of frontage, providing excellent visibility and signage potential. The buildings, constructed between 1920 and 1925, are situated near major medical facilities including Parkridge Medical Center, CHI Memorial Hospital, and Encompass Health, as well as McCallie School. Conveniently located less than 10 minutes from downtown Chattanooga and 15 minutes from the Chattanooga Airport, this property offers easy access to key areas. The zoning is C-2, allowing for versatile use, including office, retail, or residential conversion, or even complete redevelopment. One building (1,686 sq ft) previously served as office/medical space, while the other (1,489 sq ft) was used for storage. Rear parking is accessible via a driveway, with additional parking available in front of both buildings. The property is being sold as-is, and includes a bus line location. The asking price is $390,000.

• CAP approach

  CAP return

  Valuation

  6%

  $356,596

  6.5%

  $329,166

  7%

  $305,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $274,632

  Geo Method

  $328,871

• Alternative Use

  Use

  Valuation

  Residential

  $408,166

  Hospitality

  $373,878

  Educational

  $311,062

  Medical

  $321,760

  Retail

  $483,874

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0326

Longitude

-85.265

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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