Prime Commercial Opportunity in
1007 Ashland Terrace, Chattanooga, TN 37415
Versatile commercial property in a sought-after Chattanooga location.
Type:Office, Retail
Property size:
13,509 SFPrice / SF:
$203/SF- Added:
- Nov 11, 2024
- Days on Market:
- 604
- Last Refresh:
- Jul 5 at 11:52 am
Property Features for 1007 Ashland Terrace
General Information
- Standard status
- Active
- Size
- 13,509 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1988
Listing office KW Commercial Chattanooga - Downtown
Listing date Nov 11, 2024
Source Crexi
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 KW Commercial Chattanooga - Downtown
HighLights
- Prime location in a high‑traffic area with excellent visibility and easy access to major roads and highways.
- Flexible layout options with ample square footage suitable for various commercial uses.
- Updated infrastructure ensures the property is move‑in ready.
- Zoned for commercial use, adaptable to various business types.
- Proximity to Downtown Chattanooga's commercial district, restaurants, shopping, and entertainment.
- Easily accessible by major roads and highways (I‑24 and US‑27).
Overview
Located at 1007 Ashland Terrace in Chattanooga, TN, this commercial property presents a unique opportunity in a desirable neighborhood. The property's location offers visibility and accessibility, making it suitable for various businesses. The interior provides flexible layout options with ample square footage, accommodating retail, office space, or mixed-use development. Recent upgrades to the electrical, plumbing, and HVAC systems ensure the property is move-in ready. Zoned for commercial use, the property is adaptable to various business types, including office spaces, professional services, boutique retail shops, or small-scale hospitality ventures. Downtown Chattanooga, with its restaurants, shopping centers, and entertainment venues, is just a few minutes away. The city's outdoor culture attracts locals and tourists, adding to the potential customer base. Easily accessible by major roads and highways, including I-24 and US-27, the location ensures convenient transportation for employees, clients, and suppliers. The property benefits from proximity to key employers, schools, healthcare centers, and government offices. This property, with a size of 13509 square feet, offers potential for long-term ownership, rental income, or a flagship location.
Local Financial Insights For Office B
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 | $243.2k | $18.00 |
| − Vacancy | −$36.5k | −$2.70 |
| EGI | $206.7k | $15.30 |
| − OpEx | −$51.7k | −$3.82 |
| NOI | $155.0k | $11.48 |
13,509 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.21M
$1.94M – $2.58M
NOI $155,016 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,398 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,847 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Jeremy ...
Insurance Agency
Fletcher Bright Co
Real Estate Agency
Owens Financial Group
Loan Service
Community Mortgage Corporation
Loan Service
Keller Williams Realty: ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2613951
- Latitude
- 35.1153452
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Versatile commercial property in a sought-after Chattanooga location.
Where is this retail space located?
The property is located at 1007 Ashland Terrace Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime location in a high‑traffic area with excellent visibility and easy access to major roads and highways.; Flexible layout options with ample square footage suitable for various commercial uses.; Updated infrastructure ensures the property is move‑in ready.
