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    5811 Lee Hwy Chattanooga, TN 37421

    Sponsored
    For Sale
    $3,250,000

    High-performing, 19,000 SF office complex

    Property size:
    19,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 19,000 square foot, Class B office building located at 5811 Lee Hwy in Chattanooga, Tennessee. The property, known as Central Office Park, is a single-story structure built in 1961, featuring 17 units and boasting 100% occupancy. Currently operating under a modified lease structure with multi-tenancy, this Core+ investment offers immediate income generation. The building is zoned C-2, allowing for versatile commercial use. Situated in Hamilton County, zip code 37421, the property benefits from its prime location in the vibrant Chattanooga area, providing convenient access to major transportation routes. Ample parking is available for tenants and visitors. The interior spaces are spacious and well-maintained, making this a highly attractive investment for those seeking stable returns and potential for future capital appreciation. The property's strong performance and versatile zoning make it an ideal acquisition for office building investors seeking a well-established asset in a thriving market. The asking price is $3,250,000.

    Property Features for 5811 Lee Hwy

    General Information

    Property type
    Office space
    Square Feet
    19,000 SF
    Class
    B

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1
    Units
    17

    HighLights

    • 19,000 SF Class B office building with 17 units, 100% occupancy.
    • C‑2 zoning allows versatile commercial use.
    • Prime Chattanooga location with convenient access to major transportation routes.
    • Ideal for office building investors seeking stable returns.
    • Spacious, well‑maintained interior with ample parking.
    • $3,250,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vision Coordination Services ... Social Services Organization Inspire Hair and Beauty Beauty Salon Shelter Insurance - Bobby ... Insurance Agency Reign Studio Hair Extension Technician The Hendrickson Agency - Farmers ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office 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
    -85.2060889
    Latitude
    35.0169948

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    FAQs

    What type of property is this?
    Office space - High-performing, 19,000 SF office complex
    Where is this office space located?
    The property is located at 5811 Lee Hwy Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 19,000 SF Class B office building with 17 units, 100% occupancy.; C-2 zoning allows versatile commercial use.; Prime Chattanooga location with convenient access to major transportation routes.
    Request Owner's contact information
    5811 Lee Hwy Chattanooga, TN 37421
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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
    5811 Lee Hwy Chattanooga, TN 37421
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