Corner Lot Redevelopment
964 Dodson Ave Chattanooga, TN 37406
964 Dodson Ave, Chattanooga, TN, 37406
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For Sale
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Redevelopment opportunity on a corner lot in downtown Chattanooga.
Property Size2,672 SF
Price / SF$187.13
Days on Market1033
Property Features for 964 Dodson Ave
General Information
- Standard status
- Active
- Size
- 2,672 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1960
Listing Agency
Keller Williams Realty
(423) 664-1600
Listed by
Jeffrey Dodson · License #GA 336360
Source
Crexi
Added: Sep 21, 2023 Checked: Jul 17 at 6:12 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This versatile 2,672 square foot building is situated on a corner lot on Dodson Avenue in downtown Chattanooga. The property is located on a heavily traveled road. The building has been brought down to the studs and is prime for redevelopment. Ingress and egress are available at both Dodson and Windsor. The 2023 traffic count was 6,642.
Key Highlights
- Prime redevelopment opportunity in downtown Chattanooga
- High‑traffic corner lot location on Dodson Ave, with 6,642 vehicles daily
- Building stripped to the studs, ready for customization
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $18.00 |
| − Vacancy | −$7.2k | −$2.70 |
| EGI | $40.9k | $15.30 |
| − OpEx | −$10.2k | −$3.82 |
| NOI | $30.7k | $11.48 |
2,672 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$438.0K
$383.3K – $511.0K
NOI $30,661 @ 7.0% cap · market cap 6.13%
Second Best
Mixed Use
$421.4K
$368.7K – $491.7K
NOI $29,499 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$590.1K
$516.4K – $688.5K
NOI $41,309 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Redevelopment opportunity on a corner lot in downtown Chattanooga.
Where is this mixed-use property located?
The property is located at 964 Dodson Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in downtown Chattanooga; High‑traffic corner lot location on Dodson Ave, with 6,642 vehicles daily; Building stripped to the studs, ready for customization
