3905 Webb RdChattanooga, TN 37416

Property Details for 3905 Webb Rd

Year built

1979

Lot size

0.47 AC

Property size (Sq ft)

2,762 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

129B B 008

APU

129BB008

Description

This 2,762-square-foot office building, located at 3905 Webb Road in Chattanooga, Tennessee (zip code 37416), presents a unique investment opportunity. Built in 1979, the single-tenant property sits on a large lot with ample asphalt parking, offering excellent visibility at the corner of Webb Road and Highway 58, adjacent to Scooter's Coffee. The building's current configuration is ideal for medical use, featuring a lobby, reception area, three offices, eight exam rooms, main level and basement storage, two breakrooms, and two restrooms. ADA accessibility is ensured with ramps at both interior and exterior entrances. However, the C-2 zoning allows for diverse redevelopment possibilities, including restaurants, beauty salons, retail showrooms, and other uses requiring private treatment rooms. The property's functionality is enhanced by additional concrete parking space beside the building. The seller is open to negotiating tenant improvements and will consider a lease-to-purchase option. The property is listed for sale, and all information is subject to verification by the prospective buyer. The Assessor's Parcel Number (APN) is 129B B 008. The building's prime location offers easy access to Highway 153, less than five minutes away. This versatile property is ready for its next chapter, whether as a thriving medical practice or a completely reimagined commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $584,175

  6.5%

  $539,238

  7%

  $500,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $449,902

  Geo Method

  $538,756

• Alternative Use

  Use

  Valuation

  Residential

  $668,656

  Hospitality

  $612,485

  Educational

  $509,580

  Medical

  $527,106

  Retail

  $792,681

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0869

Longitude

-85.1923

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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