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    308 47Th St Chattanooga, TN 37410

    Sponsored
    For Lease
    $15,000 /Mo

    Two adjacent lots, paved & fenced, ideal for storage.

    Lot size:
    204,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Prime commercial and industrial land for lease near St. Elmo, offering two distinct parcels ideal for storage or drop yard operations. Parcel 1 encompasses 2.7 acres, featuring a fully paved surface, complete perimeter fencing, and three gated entrances for convenient access and security. Parcel 2, measuring 1.7 acres, is a gravel lot also fully fenced, situated directly adjacent to Parcel 1. Both parcels are available for lease individually or together, at a rate of $1,500 per acre per month. Crucially, these lots cannot be further subdivided. Lease terms are structured for a 12-month period, with a mutual six-month option for extension. An existing vacant office building on the property is not included in the lease agreement for these lots but is available for separate negotiation. The property's APN numbers are 167F A 001 and 167F B 016. The combined acreage available totals between 1.7 and 4.7 acres, providing ample space for various commercial and industrial uses. This exceptional location offers easy access and visibility, making it an attractive opportunity for businesses seeking secure and convenient storage solutions.

    Property Features for 308 47Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    204,732 SF
    Total Rate
    15000

    Unit(s) available at that property

    Space
    Size
    204,732 SF
    Rate per SF
    $15,000

    HighLights

    • Land for lease, Commercial/Industrial use.
    • Lot sizes: 1.7 acres and 2.7 acres.
    • Located near St. Elmo, on W 31st St.
    • Parcel 1 (2.7 acres): Paved, fenced, three gated entrances.
    • Parcel 2 (1.7 acres): Gravel, fenced.
    • Lease rate: $1,500/acre/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3197378
    Latitude
    35.0000111

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    FAQs

    What type of property is this?
    Land - Two adjacent lots, paved & fenced, ideal for storage.
    Where is this land located?
    The property is located at 308 47Th St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $15,000 /Mo.
    What are key features of this property?
    This property features: Land for lease, Commercial/Industrial use.; Lot sizes: 1.7 acres and 2.7 acres.; Located near St. Elmo, on W 31st St.
    Request Owner's contact information
    308 47Th St Chattanooga, TN 37410
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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
    308 47Th St Chattanooga, TN 37410
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