Retail Building Near I-75
7703 Lee Hwy Chattanooga, TN 37421
7703 Lee Hwy, Chattanooga, TN, 37421
Contact for pricing
For Sale
Contact for pricing
Pending
Retail building offered for sale with a long operating history and proximity to the I-75 ramp and Lee Hwy traffic.
Property Size4,300 SF
Days on Market430
Property Features for 7703 Lee Hwy
General Information
- Standard status
- Pending
- Size
- 4,300 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing agency
Herman Walldorf Commercial, Inc.
(423) 756-2400
Listed by
Benjamin Pitts · License #TN 303232
Source
Crexi
Added: May 19, 2025 Updated: Jul 20 at 8:53PM Checked: Jul 21 at 4:43AM
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 Herman Walldorf Commercial, Inc.
Investment Insights
Based on property information with market context.
This for-sale retail building at 7703 Lee Hwy, Chattanooga, TN 37421 has operated successfully for approximately 40 years. The property historically hosted a liquor store through three owners, with the last owner passing away after decades of use.
The site is about 200 yards from an I-75 ramp. Nearby access is supported by reported traffic levels of over 100,000 vehicles per day on I-75 near the exit, and about 22,220 vehicles per day on Lee Hwy. The area is seeing additional activity, including an upcoming 8-acre apartment development and other new projects, with a new Subaru dealership across the street and new Taco Bell and Starbucks under construction around the corner.
Given the surrounding retail and automotive presence, the property may suit tenants looking to serve the traffic generated by Lee Hwy and I-75, as well as development-driven demand connected to the growth in the area.
The site is about 200 yards from an I-75 ramp. Nearby access is supported by reported traffic levels of over 100,000 vehicles per day on I-75 near the exit, and about 22,220 vehicles per day on Lee Hwy. The area is seeing additional activity, including an upcoming 8-acre apartment development and other new projects, with a new Subaru dealership across the street and new Taco Bell and Starbucks under construction around the corner.
Given the surrounding retail and automotive presence, the property may suit tenants looking to serve the traffic generated by Lee Hwy and I-75, as well as development-driven demand connected to the growth in the area.
Key Highlights
- Year built 1986 retail building with a 40‑year operating history
- About 200 yards from an I‑75 ramp; I‑75 averages over 100,000 vehicles per day near the exit
- 22,220 vehicles per day on Lee Hwy, noted as growing
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $12.00 |
| − Vacancy | −$4.1k | −$0.96 |
| EGI | $47.5k | $11.04 |
| − OpEx | −$14.2k | −$3.31 |
| NOI | $33.2k | $7.73 |
4,300 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$474.7K
$415.4K – $553.8K
NOI $33,230 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.7K
$831.0K – $1.11M
NOI $66,477 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SemaConnect Charging Station
Electric Vehicle Charging Station
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building offered for sale with a long operating history and proximity to the I-75 ramp and Lee Hwy traffic.
Where is this retail space located?
The property is located at 7703 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Year built 1986 retail building with a 40‑year operating history; About 200 yards from an I‑75 ramp; I‑75 averages over 100,000 vehicles per day near the exit; 22,220 vehicles per day on Lee Hwy, noted as growing
