4151 Ringgold RdChattanooga, TN 37412
- Healthcare properties
- 1,960 SF
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
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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