Fully Leased Office
For Sale
Contact for pricing
118 Lee Parkway Drive, Chattanooga, TN 37421
Fully leased office building in East Chattanooga with direct access to major roadways.
Property Size10,448 SF
Price / SF$124.43
Days on Market98
Property Features for 118 Lee Parkway Drive
General Information
Standard status
Active
Size
10,448 SF
Class
B
Total Parking Spaces
39
Property subtype
Office
Zoning
C-C
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Building Details
Year Built
1982
Units
19
Tenancy
Multi
Listing Agency:
NAI Charter Real Estate
Listed By:
Jeff Howell · License #TN 359574
(423) 266-1432
Source:
Crexi
Added: Jun 1
Changed: Aug 24
Last Checked: Sep 4 at 10:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Charter Real Estate
Investment Insights
Based on property information with market context.
118 Lee Parkway is a fully leased office building located in the established Lee Parkway office corridor of East Chattanooga. The property offers a streamlined tenant occupancy arrangement, supporting business use within a dedicated office setting.
The building is positioned for convenient commuting and customer access, with immediate connectivity to Shallowford Road, Lee Highway, and I-75. This location places the property within reach of Downtown Chattanooga, Hamilton Place, and the broader Chattanooga MSA.
For tenants, the asset provides a practical base in a recognized suburban office submarket with dependable access to key regional routes. For buyers, the fully leased status can be attractive for those seeking an income-producing office property in the East Chattanooga corridor, while maintaining straightforward access to surrounding employment and commercial areas.
The building is positioned for convenient commuting and customer access, with immediate connectivity to Shallowford Road, Lee Highway, and I-75. This location places the property within reach of Downtown Chattanooga, Hamilton Place, and the broader Chattanooga MSA.
For tenants, the asset provides a practical base in a recognized suburban office submarket with dependable access to key regional routes. For buyers, the fully leased status can be attractive for those seeking an income-producing office property in the East Chattanooga corridor, while maintaining straightforward access to surrounding employment and commercial areas.
Key Highlights
- 100% leased office building in East Chattanooga’s Lee Parkway office corridor
- Year built: 1982
- Immediate access to Shallowford Road and Lee Highway
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building in East Chattanooga with direct access to major roadways.
Where is this office building located?
The property is located at 118 Lee Parkway Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 100% leased office building in East Chattanooga’s Lee Parkway office corridor; Year built: 1982; Immediate access to Shallowford Road and Lee Highway
