1509 Smith StEast Ridge, TN 37412

Property Details for 1509 Smith St

Year built

1980

Lot size

0.52 AC

Property size (Sq ft)

7,472 SF

Zone code

C2

Property type

Office properties

Property subtype

Other office properties

APN

169L J 005

APU

169LJ005

Description

This exceptional East Ridge, TN office building, located at 1509 S Smith St, offers 7,000 square feet of versatile space, ideal for businesses seeking a blend of executive and creative office environments. The property, a two-story Class B building constructed in 1987, sits on a half-acre lot and features 40 parking spaces. Multiple tenancy options are available, with spaces ranging from a minimum of 140 square feet to a maximum contiguous space of 1,400 square feet. Currently, 2,125 square feet are vacant and ready for immediate occupancy. The building boasts convenient access to I-75 and I-24, placing your business within easy reach of major transportation routes. Its location near Ringgold Road also provides proximity to a variety of shops and restaurants, enhancing employee convenience and satisfaction. Second-floor private offices offer natural light, creating a productive and pleasant work atmosphere. Shared amenities include a break room and conference room, simplifying operations and reducing overhead. Utilities and Wi-Fi are included, further streamlining your business expenses. This is a fantastic opportunity to secure a well-located, well-maintained office space in a thriving area, minimizing the burden of office management and maximizing your business potential. The property is situated in Hamilton County, TN, zip code 37412.

• CAP approach

  CAP return

  Valuation

  6%

  $1,580,361

  6.5%

  $1,458,794

  7%

  $1,354,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,217,114

  Geo Method

  $1,457,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,808,905

  Hospitality

  $1,656,947

  Educational

  $1,378,561

  Medical

  $1,425,972

  Retail

  $2,144,428

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

34.9889

Longitude

-85.2114

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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