6510 Ringgold RdEast Ridge, TN 37412

Property Details for 6510 Ringgold Rd

Year built

1971

Lot size

1.37 AC

Property size (Sq ft)

17,928 SF

Zone code

C1

Property type

Motels

APN

169L M 017

APU

169LM017

Description

This exceptional 0.86-acre commercial land parcel presents a prime ground lease or build-to-suit opportunity in East Ridge, Tennessee. Ideally situated directly off I-75's southbound Exit 1 ramp, this pad-ready lot boasts 250 feet of frontage on Ringgold Road, ensuring high visibility and accessibility. Currently, two existing buildings on the site will be demolished to create this expansive, level lot. The property offers significant advantages due to its location within a strong retail corridor and the city's Border Region Retail Tourism Development Act, which provides sales tax incentives to developers and operators, potentially offsetting rental costs. This incentive program is designed to encourage businesses to locate on the Tennessee side of the state line. Detailed information regarding this incentive can be obtained from East Ridge city officials or their website. The site features ample on-site parking, supplemented by cross-access easements through an adjacent hotel, providing additional parking and convenient access via the Ringgold Road & S Mack Smith Road intersection. A rear entrance/curb cut off S Mack Smith Road also provides access. With a Ringgold Road traffic count of 24,688 vehicles per day and I-75 traffic count of 127,684 VPD, this location offers unparalleled exposure for businesses. The property's APN is 033169L M 01701 P000 and is zoned for commercial use. The total land area is 37,461 square feet, and there are 26 total parking spaces available. This site is perfect for quick-service restaurants or national tenants seeking high-traffic exposure and significant financial incentives.

• CAP approach

  CAP return

  Valuation

  6%

  $4,306,910

  6.5%

  $3,975,609

  7%

  $3,691,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,862,685

  Geo Method

  $8,218,034

• Alternative Use

  Use

  Valuation

  Residential

  $4,340,210

  Hospitality

  $3,975,609

  Educational

  $3,307,660

  Medical

  $3,421,416

  Retail

  $5,145,249

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

34.9888

Longitude

-85.2088

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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