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    5022 Old Godsey Ln Chattanooga, TN 37343

    For Sale
    $1,450,000

    7,192 SF Office Condo, Hixson, TN

    Property size:
    7,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7,192 square foot office condominium, located at 5022 Old Godsey Ln in Chattanooga, Tennessee, presents a unique investment opportunity. Situated within the Hamill Professional Centre, this vacant property boasts a prime location directly across from CHI Memorial Hospital's Hixson campus and adjacent to Northgate Mall, offering unparalleled convenience and visibility. Built in 2001, this single-story building features a single unit with ground-level access and ample parking. The space is zoned R4 and previously housed an ophthalmology practice. The layout includes multiple private offices, exam rooms, a conference room, and a large reception area, making it ideal for a variety of uses, including medical or traditional office space. The property's versatile design allows for continued use as a medical office or easy conversion to a traditional office setting. Two separate entrance doors offer the potential for subdividing the space. This is the largest office condominium in the building, offering an anchor space within a thriving medical center. The asking price is $1,450,000, translating to $201.61 per square foot. Co-occupants include established medical practices, further enhancing the property's desirability and location within Hixson's core medical area. Easy access to Highway 153 and US 27 provides excellent connectivity. The property's APN is 110J A 010 C004. This is a for-sale-by-owner opportunity.

    Property Features for 5022 Old Godsey Ln

    General Information

    Property type
    Medical offices
    Square Feet
    7,192 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Multiple private offices and exam rooms.
    • Building anchor tenant space.
    • Excellent location near CHI Memorial and Northgate Mall.
    • Convenient access to Hwy 153 and US 27.
    • Abundant ground‑level parking.
    • Two separate entrances allowing for potential space division.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morgan Boulware Physical Therapist Dr. Nicole Walker Surgeon HAMILL PROFESSIONAL CENTER Business Center Dr. Betsy Washburn Surgeon Brandon Stanley Oral Surgeon

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.236956921115
    Latitude
    35.12587923898

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    FAQs

    What type of property is this?
    Medical office - 7,192 SF Office Condo, Hixson, TN
    Where is this medical office located?
    The property is located at 5022 Old Godsey Ln Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Multiple private offices and exam rooms.; Building anchor tenant space.; Excellent location near CHI Memorial and Northgate Mall.
    Request Owner's contact information
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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
    5022 Old Godsey Ln Chattanooga, TN 37343
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