1032 Mccallie AveChattanooga, TN 37403

  • Healthcare properties
  • 30,973 SF
For Lease
$16.50/SF/YR View listing

Property Details for 1032 Mccallie Ave

Year built
2007
Lot size
2.12 AC
Property size (Sq ft)
30,973 SF
Zone code
C3
Property type
Healthcare properties
Property subtype
Medical offices
APN
146H H 011
APU
146HH011

Description

This exceptional 4,818-square-foot medical office suite is ideally situated at 1032 McCallie Avenue in Chattanooga, Tennessee, zip code 37403. The three-story building offers a highly visible and easily accessible location, just minutes from downtown Chattanooga and major medical facilities including Erlanger, Memorial, and Parkridge Hospitals, as well as the University of Tennessee at Chattanooga (UTC). The space is currently available for lease and features a versatile layout perfect for a variety of medical practices. The suite includes a welcoming reception area, eight exam rooms each equipped with sinks, three private offices providing ample administrative space, a convenient break room for staff, a dedicated lab area, a fully functional X-Ray room, three private restrooms for patient and staff use, and a sizable storage area. Ample parking is available on-site, ensuring convenient access for both employees and patients. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within Chattanooga's medical corridor. The space is offered as a single, contiguous unit. Interested parties should inquire about lease terms and availability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,550,924
    6.5%
    $6,047,008
    7%
    $5,615,078
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,045,192
    Geo Method
    $6,041,594
  • Alternative Use

    Use
    Valuation
    Residential
    $7,498,289
    Hospitality
    $6,868,392
    Educational
    $5,714,422
    Medical
    $5,910,950
    Retail
    $8,889,101
1032 Mccallie Ave, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0406
Longitude
-85.2889
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,492
-
-
$2,301,520
-
$669,500
$5,084,300
$5,753,800

FAQs

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