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    321 Browns Ferry Rd Chattanooga, TN 37419

    Sponsored
    For Sale
    $5,250,000

    High-traffic, value-add shopping center

    Property size:
    53,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 53,723 square foot shopping center in Chattanooga, TN, presents a compelling value-add investment opportunity. Located at 321 Browns Ferry Rd, this single-story, 1993-built property (renovated in 2019) sits on a 0.65-acre lot and boasts 420 feet of frontage, offering excellent visibility from I-24. Currently operating at 65% occupancy, the center generates a NOI of $294,000, with a pro-forma NOI projected at $717,000, reflecting a 5.60% current cap rate and a 13.66% pro-forma cap rate. The property features 8 loading docks, wet sprinklers, and ample surface parking (71 spaces per 1,000 sq ft). Zoned C2, this multi-tenant retail center is ideal for a variety of businesses. The asking price is $5,250,000, translating to $111.68 per square foot. This prime location offers high traffic counts and proximity to residential areas and other amenities, making it an attractive investment for those seeking significant upside potential. The property's strong fundamentals and potential for increased occupancy make it a highly desirable asset in a thriving market.

    Property Features for 321 Browns Ferry Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    53,723 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built/Renovated
    1993/2019
    Buildings
    1
    Stories
    1

    HighLights

    • Power Center retail property.
    • Ample surface parking.
    • Eight loading docks.
    • Wet sprinkler fire suppression system.
    • Situated between I‑24 and Browns Ferry Road.
    • Excellent street visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dread Hollow Haunted House CVS Photo Passport Photo Processor CDReload - Online Bitcoin ... Crypto Atm LibertyX Bitcoin ATM Atm MoneyGram Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3637625
    Latitude
    35.0312591

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic, value-add shopping center
    Where is this lifestyle center located?
    The property is located at 321 Browns Ferry Rd Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Power Center retail property.; Ample surface parking.; Eight loading docks.
    Request Owner's contact information
    321 Browns Ferry Rd Chattanooga, TN 37419
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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
    321 Browns Ferry Rd Chattanooga, TN 37419
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