2400 Mccallie AveChattanooga, TN 37404

Property Details for 2400 Mccallie Ave

Year built

1935

Lot size

0.34 AC

Property size (Sq ft)

4,048 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

146N F 002

APU

146NF002

Description

This exceptional mixed-use commercial property, located at 2400 McCallie Avenue in Chattanooga, Tennessee, presents a unique investment opportunity. The 4,048 square foot building, built in 1935, sits on a level 0.33-acre corner lot boasting 100 feet of road frontage on McCallie Avenue and 134 feet on South Watkins Street. Its C-2 zoning allows for diverse uses, making it particularly well-suited for medical practices, given its prime location directly across from Parkridge Hospital & Center for Sports Medicine and Orthopaedics. Ample parking is available on-site. The property's convenient location offers excellent demographics and high traffic counts. The asking price is $1,012,000, translating to $250 per square foot. This all-on-one-level building offers significant potential for a variety of businesses seeking a high-visibility location in a thriving Chattanooga neighborhood. The property is currently for sale by owner. Don't miss this chance to acquire a well-situated commercial property in a high-demand area. This property is zoned C-2 and offers a rare combination of size, location, and accessibility. The building's single-level layout enhances functionality and accessibility for a wide range of potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $856,170

  6.5%

  $790,310

  7%

  $733,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $659,379

  Geo Method

  $789,603

• Alternative Use

  Use

  Valuation

  Residential

  $979,985

  Hospitality

  $897,661

  Educational

  $746,843

  Medical

  $772,528

  Retail

  $1,161,756

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0328

Longitude

-85.2672

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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