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    3550 Broad St Chattanooga, TN 37409

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    For Sale
    $4,000,000

    Retail property in high-traffic area near new developments.

    Property size:
    15,120 SF
    Lot size:
    2.10 Acres

    Property Features for 3550 Broad St

    General Information

    Size
    15,120 SF
    Lot size
    2.10 Acres

    Source: Matthews Real Estate Investment Services - Corporate Agent Clay Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near New Stadium

    This retail property is located in a rapidly growing area near a newly built baseball stadium and a brand-new Publix. The Chattanooga Lookouts minor league team is constructing a new $120 million stadium just blocks away. The building features brick construction and is situated on a sizable parcel. The location benefits from a dense consumer base, with over 110,000 residents within a 5-mile radius. The site experiences consistent exposure, with approximately 119,400 vehicles per day traveling along I-24.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Redbox Movie Rental Kiosk Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    CVS, Surgery Pharmacy Services, CVS Pharmacy, Food City Pharmacy, Kyte Life

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3260531
    Latitude
    35.0134788

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    FAQs

    What type of property is this?
    Drug store - Retail property in high-traffic area near new developments.
    Where is this drug store located?
    The property is located at 3550 Broad St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Strong national credit tenant: Walgreens anchors the property.; - Prime location adjacent to new developments: Located near a new baseball stadium and Publix, benefiting from increased traffic and visibility.; - Strong demographics & steady traffic: Over 110,000 residents within a 5-mile radius and ±119,400 vehicles per day (VPD) on I-24.
    (404) 316-3197
    Request Owner's contact information
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    Chattanooga, TN 37409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3550 Broad St Chattanooga, TN 37409
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