2001 Riverside DrChattanooga, TN 37406

Property Details for 2001 Riverside Dr

Year built

1952

Lot size

29.50 AC

Property size (Sq ft)

373,949 SF

Property type

Office properties

Property subtype

Other office properties

APN

136J A 001

APU

136JA001

Description

This Chattanooga, TN industrial property at 2001 Riverside Dr offers 282,043 square feet of flexible space, ideal for various uses including warehousing, distribution, and R&D. The single-story building features a 30-foot clear ceiling height, sixteen loading docks, and two drive-in doors, providing ample access for efficient operations. The property includes a rail pit and a large gated area perfect for trailer parking or additional outdoor storage. Multiple spaces are available, ranging from a minimum of 9,600 square feet to a maximum contiguous space of 179,963 square feet. The building is fully sprinklered, enhancing safety and security. Located in Hamilton County, TN, with a 37406 zip code, this property offers flexible lease terms and is situated on a site slated for future mixed-use development. The lease rate is $6 NNN. Six individual spaces (A-F) are currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $79,091,840

  6.5%

  $73,007,856

  7%

  $67,793,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,912,544

  Geo Method

  $72,942,488

• Alternative Use

  Use

  Valuation

  Residential

  $90,529,744

  Hospitality

  $82,924,760

  Educational

  $68,992,424

  Medical

  $71,365,176

  Retail

  $107,321,552

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.059

Longitude

-85.2777

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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