6815 Shallowford RdChattanooga, TN 37421
- Office properties
- 38,806 SF
Property Details for 6815 Shallowford Rd
- Year built
- 1976
- Lot size
- 2.70 AC
- Property size (Sq ft)
- 38,806 SF
- Zone code
- C2
- Property type
- Office properties
- Property subtype
- Other data centers and call centers
- APN
- 148D E 008
- APU
- 148DE008
Description
This exceptional 47,222-square-foot mixed-use property, situated on a 3.75-acre lot in Chattanooga, Tennessee, presents a unique investment opportunity. The building, constructed in 1976 and classified as Class B, boasts approximately 32,000 square feet of office space and 15,000 square feet of warehouse space, making it ideal for a variety of businesses. The warehouse features one loading dock with a dock-high door and an additional roll-up door, ensuring efficient loading and unloading. The property benefits from a strategic location near Exit 5 of I-75, within a thriving commercial area, and offers over 400 feet of road frontage on Shallowford Road. A secondary access point and drive on Hickory Valley Road provides convenient alternative access. The property is zoned C-2 and includes a billboard lot under perpetual easement (generating no income). The seller will vacate the premises upon closing. The asking price is $3,975,000, translating to $84.18 per square foot. This two-story building is a single unit and sits on APN 148D E 008, 007. This property is ready for its next chapter.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,207,638
- 6.5%
- $7,576,282
- 7%
- $7,035,118
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,321,108
- Geo Method
- $7,569,498
-
Alternative Use
- Use
- Valuation
- Residential
- $9,394,589
- Hospitality
- $8,605,393
- Educational
- $7,159,586
- Medical
- $7,405,815
- Retail
- $11,137,134
Location Insight
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.0466
- Longitude
- -85.165
- 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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