929 Spring Creek RdChattanooga, TN 37412

Property Details for 929 Spring Creek Rd

Year built

1985

Lot size

2.44 AC

Property size (Sq ft)

27,770 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

169C C 001.05

APU

169CC00105

Description

This exceptional 27,770 square foot office building, located at 929 Spring Creek Rd, Chattanooga, TN 37412, presents a unique investment opportunity. Situated in Hamilton County, this Class B property boasts a convenient single-tenancy configuration, ideal for a variety of uses. The building comprises two stories and offers ample on-site parking, a significant advantage in a busy urban setting. Its strategic location near I-24 and Parkridge East Hospital provides excellent accessibility and visibility. The property has undergone a complete renovation, ensuring modern and functional spaces tailored to meet the needs of today's businesses. The building's traditional office layout is complemented by its suitability for executive or medical office practices. Strong co-tenants are already established within the building, creating a vibrant and collaborative environment. This property is a turnkey solution for businesses seeking a well-maintained, conveniently located, and fully renovated office space in a thriving Chattanooga neighborhood. The building's versatility, coupled with its prime location and recent renovations, makes it an attractive proposition for discerning investors and businesses alike. The property's size and amenities make it suitable for a wide range of medical or traditional office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,873,476

  6.5%

  $5,421,670

  7%

  $5,034,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,523,454

  Geo Method

  $5,416,816

• Alternative Use

  Use

  Valuation

  Residential

  $6,722,871

  Hospitality

  $6,158,114

  Educational

  $5,123,478

  Medical

  $5,299,682

  Retail

  $7,969,855

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0001

Longitude

-85.2187

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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