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    713 Airport Rd Chattanooga, TN 37421

    Sponsored
    For Sale
    $449,000

    Prime 1-acre corner lot, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial lot, located at the intersection of Airport Road and Pinehurst Avenue in Chattanooga, Tennessee (APN: 148P D 005), presents a unique redevelopment opportunity. Situated less than a mile from the Chattanooga Metropolitan Airport's main terminal and 1,500 feet from the new West Star Aviation terminal, this Class A property benefits from its prime location within Chattanooga's rapidly expanding Airport District. Zoned C-2 Commercial, the lot is ready for immediate redevelopment. The area boasts significant growth, with 44 property transactions in the last three years. This corner lot offers potential for larger-scale development, adjacent to 5 acres of vacant land. The Chattanooga City Council is actively promoting the Airport District Plan, aiming to enhance this area's appeal. Recent investments include a $28 million terminal expansion (summer 2024) and a $25 million parking deck addition (three years prior). The property's strategic location provides easy access to major transportation arteries: Hwy 53 (over 50,000 cars daily) and I-75 (over 100,000 cars daily). Proximity to Enterprise South Industrial Park (home to Volkswagen and Amazon) and the Hamilton Place retail district further enhances its appeal. The asking price is $449,000, representing a price per acre of $449,000. Currently vacant, the property was previously leased, with the lease expiring in November 2024. This presents a compelling investment opportunity in Chattanooga's highest-growth area.

    Property Features for 713 Airport Rd

    General Information

    Property type
    Individual retail properties
    Class
    A
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial lot in Chattanooga, TN (APN: 148P D 005), at Airport Rd & Pinehurst Ave intersection.
    • Prime location in Chattanooga's Airport District, less than a mile from the Chattanooga Metropolitan Airport.
    • C‑2 Commercial zoning, ready for immediate redevelopment.
    • $449,000 asking price ($449,000/acre); vacant lot, previously leased (lease expires November 2024).
    • High‑traffic area: near Hwy 53 (50,000+ cars daily) and I‑75 (100,000+ cars daily); adjacent to 5 acres of vacant land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage 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
    -85.195779208101
    Latitude
    35.027769402956

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    FAQs

    What type of property is this?
    Individual retail property - Prime 1-acre corner lot, redevelopment opportunity.
    Where is this individual retail property located?
    The property is located at 713 Airport Rd Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 1-acre commercial lot in Chattanooga, TN (APN: 148P D 005), at Airport Rd & Pinehurst Ave intersection.; Prime location in Chattanooga's Airport District, less than a mile from the Chattanooga Metropolitan Airport.; C-2 Commercial zoning, ready for immediate redevelopment.
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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
    713 Airport Rd Chattanooga, TN 37421
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