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    1304 Mccallie Ave Chattanooga, TN 37404

    For Sale
    $5,750,000

    High-yield, 100% occupied, mixed-use property.

    Property size:
    21,378 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multi-tenant investment opportunity in Chattanooga, Tennessee, presents a compelling prospect for discerning investors. Located at 1304 McCallie Ave, this property encompasses 21,378 square feet across two, two-story buildings situated on a 1.23-acre lot. The property boasts a 7.26% cap rate and a strong net operating income (NOI) of $417,280, supported by four tenants under long-term leases with annual escalations. The property's diverse tenant mix includes creative office, medical office, and storefront spaces, ensuring a stable and diversified income stream. Extensive renovations were completed between 2018 and 2022, encompassing all major systems, including HVAC, utilities, and a new TPO roof. The property features 80 parking spaces, providing ample convenience for tenants and their clients. Its prime location on McCallie Avenue offers high visibility and accessibility within a thriving community, characterized by a strong demographic profile with a median age of 44.1 and an average household income of $112,137 within a one-mile radius. This Class A property represents a turnkey investment opportunity with significant upside potential. The asking price is $5,750,000.

    Property Features for 1304 Mccallie Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,378 SF
    Class
    A
    Lot Size
    53,579 SF

    Building Details

    Year Renovated
    2018
    Buildings
    2
    Stories
    2
    Units
    4

    HighLights

    • 100% Occupancy, Net‑Leased Investment.
    • Four strong tenants with long‑term leases featuring annual rent escalations.
    • Completely renovated in 2018‑2022 with new utilities, HVAC, TPO roof, and tenant improvements.
    • High visibility, convenient location with ample parking.
    • Offered by Owner/Developer/Agent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lookout Fitness Gym CENTURY 21 Prestige Real Estate Agency Tennessee Valley Reg ... State Government Office The Dustin Mullins Team ... Real Estate Agent Jamie Curtis Realtor ... Real Estate Agent

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2820684
    Latitude
    35.0382915

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, 100% occupied, mixed-use property.
    Where is this individual retail property located?
    The property is located at 1304 Mccallie Ave Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: 100% Occupancy, Net-Leased Investment.; Four strong tenants with long-term leases featuring annual rent escalations.; Completely renovated in 2018-2022 with new utilities, HVAC, TPO roof, and tenant improvements.
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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
    1304 Mccallie Ave Chattanooga, TN 37404
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