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    7440 Goodwin Rd Chattanooga, TN 37421

    Sponsored
    For Sale
    $3,500,000

    3.43 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.43-acre commercial and residential land parcel, located at 7440 Goodwin Rd, Chattanooga, TN 37421, presents a remarkable development opportunity. The property boasts 485 feet of road frontage, ensuring high visibility and accessibility. Its strategic location is less than 1,000 feet from the intersection of Gunbarrel Road and Goodwin Road, Chattanooga's primary retail corridor. The surrounding area is thriving, with major retail outlets such as Trader Joe's, Target, Whole Foods, Publix, REI, Walmart, Lowe's, Home Depot, and Best Buy, creating high consumer engagement and steady traffic. A diverse range of dining options and medical facilities, including CHI Memorial Health Care (under 1,000 feet) and Erlanger Hospital Emergency Room (0.65 miles), are also nearby. Zoned C2, this flat, versatile site is ideal for various projects, including retail, mixed-use, hospitality, office, and high-density multi-family developments. Hamilton Place Mall is also within close proximity. The property's prime location, abundant amenities, and strong market demand position it for significant growth and profitability. APN: 159A B 020. Asking price: $3,500,000.

    Property Features for 7440 Goodwin Rd

    General Information

    Property type
    Land
    Lot Size
    149,411 SF

    HighLights

    • $3,500,000 asking price.
    • 3.43‑acre commercial and residential land parcel.
    • C2 zoning.
    • Located 1,000 feet from Gunbarrel Road's main retail corridor in Chattanooga, TN.
    • 485 feet of road frontage provides excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.152251619909
    Latitude
    35.028973718534

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    FAQs

    What type of property is this?
    Land - 3.43 Acres, Prime Location
    Where is this land located?
    The property is located at 7440 Goodwin Rd Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price.; 3.43-acre commercial and residential land parcel.; C2 zoning.
    (423) 432-2990
    Request Owner's contact information
    7440 Goodwin Rd Chattanooga, TN 37421
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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
    7440 Goodwin Rd Chattanooga, TN 37421
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