Listing Agency: CBRE - Chattanooga

Listed By: Russell Elliott · License #206202 Show Phone

Source: Cbre

Added: Oct 19 Last Checked: Oct 20 at 7:23PM

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Investment Insights

Based on property information with market context.

Newly constructed medical office space includes a covered patient drop-off area and surface parking. Its location is described as close to major hospitals, with the property at 281 North Lyerly Street in Chattanooga, Tennessee.

Key Highlights

• New construction
• Covered patient drop‑off area
• Surface parking

Property Analytics

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Current Use

Trey Dyer III, ... Pediatrician Esli Castillo Physician Rebecca Payne Physician Jay Jolley MD Physician Thomas Holcomb Physician

Suggested Use

Top Pick Spa & Massage Center Hair Salon Nail Salon Parking Lot & Garage Auto Parts Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,741

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 37404, TN

13,106

Population

5,887

Households

2.2

Avg Household Size

34

Median Age

32%

College-Educated

86%

High-School Grad

5.2 sq mi

ZIP Area

2,520

Density / Sq Mi

$53,585

Median Household Income

$35,983

Median Earnings

$999

Median Rent

$235,300

Median Home Value

Market

Lease Benchmarks for Chattanooga, TN

$22.63 /SF/Yr

Avg Asking Price

$17.5–$27 /SF/Yr

Price Range

5,165 SF

Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Covered patient drop-off and surface parking support convenient access for visitors.

Where is this medical office space located?

The property is located at 281 North Lyerly Street Chattanooga, TN.

What are key features of this property?

This property features: New construction; Covered patient drop‑off area; Surface parking