4151 Ringgold RdChattanooga, TN 37412

Property Details for 4151 Ringgold Rd

Year built

1910

Lot size

0.47 AC

Property size (Sq ft)

1,960 SF

Zone code

C2

Property type

Medical offices

Property subtype

Medical centers

APN

169H E 002

APU

169HE002

Description

This exceptional 1,960-square-foot office space at 4151 Ringgold Rd, Chattanooga, TN 37412, presents a unique opportunity for a variety of businesses. Situated on a 0.53-acre lot (23,087 sq ft) in a high-traffic area of East Ridge, near the intersection of Ringgold Road and Bojangles, this single-tenant property offers excellent visibility and accessibility. Built in 1910 and renovated in 1996, the building features a single story with an 8-foot ceiling height. The property is zoned C-2 and includes 10 parking spaces, providing ample convenience for staff and clients. The building's 1,960 square feet are currently vacant, allowing for complete customization to suit your specific business needs. This adaptable space is ideal for medical, creative, or traditional office uses. Property taxes are $1.89 per square foot. The tenant is responsible for rent, all utilities, tenant insurance, and grounds maintenance. This is a fantastic opportunity to establish your business in a thriving East Ridge location.

• CAP approach

  CAP return

  Valuation

  6%

  $414,549

  6.5%

  $382,660

  7%

  $355,327

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,264

  Geo Method

  $382,318

• Alternative Use

  Use

  Valuation

  Residential

  $474,499

  Hospitality

  $434,638

  Educational

  $361,614

  Medical

  $374,050

  Retail

  $562,510

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

34.9978

Longitude

-85.244

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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