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Property profile & analytics

7047 Lee Hwy Chattanooga, TN 37421-1793

  • Retail space
  • 2,115 SF
  • 1.00 lot acres
OFF-MARKET
Last Sale
Oct 05, 2020
$550,000
Value Estimations
$515,000
Show details
Cap Rate Potential
3.1%
Retail space
Location Intelligence
Property ID
US80-1550128
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • CORE HOMES / Real Estate Developer / Custom Home Builder
  • The Source Real Estate Group / Real Estate Agency
  • Dustin Morgan - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
  • Jordan Ashton - CMG Home Loans Mortgage Loan Officer NMLS# 1677424 / Mortgage Broker / Mortgage Lender
  • Alexander R Moore - Associate Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service

Property Details for 7047 Lee Hwy

Year built
2002
Lot size
1.00 lot acres
Property size
2,115 SF
Zone code
C2
Property type
Retail space
APN
148D E 001.04C003
APU
148DE00104C003

Description

This exceptional 2,115-square-foot office suite is located in the highly visible London Center on Lee Highway, boasting daily traffic counts exceeding 9,000 vehicles. Situated as an end-cap unit, this space offers unparalleled visibility and signage opportunities, including placement on the prominent monument sign and building signage. The suite is part of a single-story, 1997-built building with a total of two suites. Recently remodeled, the space features attractive LVT flooring and fresh paint, creating a modern and inviting atmosphere. The property is zoned C-2, allowing for a variety of commercial uses. Ample parking is available to accommodate tenant and client needs. The minimum divisible space is 2,115 square feet, and the maximum contiguous space available is also 2,115 square feet. This is a fantastic opportunity for a business seeking high visibility and convenient access in a well-maintained building. The property offers a blend of modern updates and a strategic location, making it an ideal choice for businesses seeking a prominent presence on Lee Highway. The building features a total of two suites, ensuring a quiet and professional environment. This is a rare opportunity to secure a high-traffic, well-maintained office space in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $520,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $418,000
    Market price range: $198k - $430k
    AI Estimate
    $418,000
    Market price range: $198k - $430k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Chattanooga
County
Hamilton
State
Tennessee
Longitude
-85.1599
Latitude
35.0473
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,623
$0.00
$0.00
$161,920
-
$188,300
$216,500
$404,800
More about this property
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