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    2451 Broad St Chattanooga, TN 37408

    For Sale
    $450,000

    Prime Chattanooga corner lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.18-acre commercial land parcel is situated at 2451 Broad Street in Chattanooga, Tennessee (APN: 145N D 010), a highly desirable location in the South Broad/St. Elmo area. Zoned UGC, this property offers unparalleled visibility and accessibility due to its prime corner lot position at the newly designed I-24 off-ramp, benefiting from significantly increased traffic flow from the interstate. The asking price is $450,000. This presents a unique investment opportunity in a rapidly developing area with fantastic traffic counts. The property's high visibility and strategic location make it ideal for a variety of commercial uses. Its location in Hamilton County, Tennessee, zip code 37408, ensures easy access to the city's amenities and transportation networks. Don't miss this chance to acquire a highly visible and strategically located commercial property in a thriving Chattanooga neighborhood.

    Property Features for 2451 Broad St

    General Information

    Property type
    Land
    Lot Size
    7,841 SF

    HighLights

    • High visibility from major thoroughfare.
    • Exceptional daily traffic volume.
    • Prime corner lot location.
    • Located in a rapidly growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.316246356892
    Latitude
    35.028510880756

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    FAQs

    What type of property is this?
    Land - Prime Chattanooga corner lot, high traffic.
    Where is this land located?
    The property is located at 2451 Broad St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High visibility from major thoroughfare.; Exceptional daily traffic volume.; Prime corner lot location.
    Request Owner's contact information
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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
    2451 Broad St Chattanooga, TN 37408
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