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    1502 Tombras Ave Chattanooga, TN 37412

    Sponsored
    For Sale
    $425,000

    1,740 sq ft Office, Updated 2024

    Property size:
    1,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This vacant, 1,740 square foot office building in East Ridge, Tennessee presents a compelling investment opportunity. Located at 1502 Tombras Ave, this two-story Class C property sits on a 0.28-acre lot and boasts a convenient C2 zoning designation. Completely renovated in 2024, both the interior and exterior have been updated, including the addition of a new privacy fence and expanded parking. The first floor offers four potential office spaces, a lobby, kitchen, bathroom, and storage. The second floor features one large office space, a sizable storage area (or smaller office), and a bathroom. Its prime location at the intersection of Tombras Ave and Ringgold Road, adjacent to similar office buildings, ensures high visibility and accessibility. The property's versatile layout makes it suitable for a variety of uses, including creative office, medical office, or traditional office spaces. The building's recent renovations and strategic location make it an attractive prospect for investors seeking a turnkey property in a thriving Chattanooga area market. APN: 169G E 043. Note: Square footage and acreage are based on publicly available information and are not guaranteed.

    Property Features for 1502 Tombras Ave

    General Information

    Property type
    Medical offices
    Square Feet
    1,740 SF
    Class
    C
    Lot Size
    12,197 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    2

    HighLights

    • High‑quality listing information provided by owner and public sources; accuracy not guaranteed.
    • Square footage and acreage are approximate; buyer to verify.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -85.24097357384
    Latitude
    34.995873236222

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    FAQs

    What type of property is this?
    Medical office - 1,740 sq ft Office, Updated 2024
    Where is this medical office located?
    The property is located at 1502 Tombras Ave Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High-quality listing information provided by owner and public sources; accuracy not guaranteed.; Square footage and acreage are approximate; buyer to verify.;
    Request Owner's contact information
    1502 Tombras Ave Chattanooga, TN 37412
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    Chattanooga, TN 37412
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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
    1502 Tombras Ave Chattanooga, TN 37412
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