617 Shallowford RdChattanooga, TN 37411

For Sale
$99,000 View listing
  • Commercial land
  • 5,194 SF

Property Details for 617 Shallowford Rd

Year built
1960
Lot size
1.00 AC
Property size (Sq ft)
5,194 SF
Zone code
C2
Property type
Commercial land
APN
147H K 031
APU
147HK031

Description

This exceptional 0.31-acre commercial lot at 617 Shallowford Rd, Chattanooga, TN, presents a unique investment opportunity. Ideally located near the Tunnel Blvd intersection, this flat parcel offers unparalleled convenience and accessibility. Previously used as a daycare center, the property is currently zoned C5, providing a wide range of development possibilities for discerning entrepreneurs. Imagine transforming this space into a thriving public business with high visibility, a secure storage facility, modern office space, a well-equipped auto shop, or a specialized contractor's yard. The possibilities are virtually limitless. The site boasts easy access to essential utilities, significantly reducing development complexities and costs. Furthermore, its strategic location offers proximity to Chattanooga's airport, numerous medical facilities, and the vibrant downtown area, ensuring excellent connectivity and attracting a diverse clientele. This prime location is perfect for establishing a new business or expanding an existing one, capitalizing on the high traffic flow and strong local economy. Don't miss this chance to secure a valuable asset in a rapidly growing market. The asking price is $85,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,257,421
    Hospitality
    $1,151,791
    Educational
    $958,277
    Medical
    $991,233
    Retail
    $1,490,653
617 Shallowford Rd, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0383
Longitude
-85.2416
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$509
-
-
$22,760
-
$54,800
$2,100
$56,900

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