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

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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