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    620 Cherokee Blvd Chattanooga, TN 37405

    Sponsored
    For Sale
    $3,500,000

    Prime North Chattanooga office, great income & development potential.

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,000 square foot office building presents a compelling investment opportunity in Chattanooga, Tennessee. Situated on a 1.2-acre lot, the largest parcel available on Cherokee Boulevard, this property boasts over 200 feet of road frontage and access from both sides. The existing Class B building, constructed in 1960 and renovated in 2001, is currently 100% occupied, generating substantial income under a modified multi-tenancy lease. The versatile space includes creative, executive, and traditional office layouts, featuring a large open area, multiple private offices, a kitchen/break room, a conference room, and ample free onsite parking. A flex/warehouse area with two roll-up doors adds to the property's functionality. Its prime North Shore location offers proximity to downtown Chattanooga without the high rental rates, making it ideal for businesses seeking a blend of accessibility and affordability. The property's zoning permits commercial use, and its size and location present significant potential for redevelopment into a mixed-use project incorporating multifamily and retail components. The stunning views of downtown Chattanooga further enhance its appeal. This is a rare opportunity to acquire a high-performing income-generating asset with substantial future development potential in a highly desirable location. The APN is 033135C B 00300P000. The asking price is $3,500,000.

    Property Features for 620 Cherokee Blvd

    General Information

    Property type
    Office space
    Square Feet
    20,000 SF
    Class
    B
    Lot Size
    52,272 SF

    Building Details

    Year Built/Renovated
    1960/2001

    HighLights

    • $3,500,000 asking price.
    • 20,000 square foot office building.
    • 100% occupancy with a modified lease structure.
    • Located on a 1.2‑acre lot in Chattanooga, TN, with over 200 feet of road frontage.
    • Class B building, built in 1960 and renovated in 2001.
    • Multi‑tenant building with creative, executive, and traditional office spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valor Insurance Brokers Insurance Agency Sents Law Firm, ... Attorney George Miyake L.M.T. Massage Therapist Common Ground Massage Spa A 1 Tax & Bookkeeping Tax Preparation Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3182664
    Latitude
    35.0693042

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    FAQs

    What type of property is this?
    Office space - Prime North Chattanooga office, great income & development potential.
    Where is this office space located?
    The property is located at 620 Cherokee Blvd 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.; 20,000 square foot office building.; 100% occupancy with a modified lease structure.
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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
    620 Cherokee Blvd Chattanooga, TN 37405
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