1200 Mountain Creek RdChattanooga, TN 37405

  • Office properties
  • 65,348 SF
For Lease
$16/SF/YR View listing

Property Details for 1200 Mountain Creek Rd

Year built
1980
Lot size
11.60 AC
Property size (Sq ft)
65,348 SF
Zone code
C2
Property type
Office properties
APN
117C A 014
APU
117CA014

Description

This exceptional Chattanooga office complex, the Four Squares Business Center, offers a variety of spaces to suit diverse business needs. Located at 1200 Mountain Creek Rd, Chattanooga, TN 37405, this single-story, 63,635 square foot campus-style complex boasts four buildings situated on 12.5 acres of well-maintained grounds. The property features ample free parking (581 spaces) for employees and clients, ensuring convenient access for all. Office suites range from a minimum of 135 square feet to a maximum contiguous space of 6,253 square feet, with multiple tenancy options available. Currently, one suite is operating as a co-working space, offering month-to-month leases ranging from $150 to $375 per month, inclusive of conference room and breakroom access. Larger spaces (up to 2,625 sq ft) are available under a modified gross lease. Attractive tenant improvement allowances are offered for long-term leases. The property enjoys 24/7/365 access and benefits from a highly visible location with approximately 14,300 vehicles passing daily, providing excellent exposure. Its convenient location offers easy access to Highway 27 and is just nine minutes from downtown Chattanooga, serving businesses in North Chattanooga, Hixson, Soddy Daisy, Sequatchie, and Marion Counties. The property is zoned C-2 and was renovated in 1984. This well-maintained property presents a compelling opportunity for businesses seeking flexible and convenient office space in a prime Chattanooga location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $13,821,387
    6.5%
    $12,758,203
    7%
    $11,846,903
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,644,534
    Geo Method
    $12,746,781
  • Alternative Use

    Use
    Valuation
    Residential
    $15,820,172
    Hospitality
    $14,491,193
    Educational
    $12,056,502
    Medical
    $12,471,144
    Retail
    $18,754,558

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.1181
Longitude
-85.315
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
$14,114
-
-
$630,840
-
$382,800
$1,194,300
$1,577,100

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