5630 Tn-153 Chattanooga, TN 37343
- Lifestyle centers
- 7,700 SF
- 1.18 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 5630 Tn-153
- Lot size
- 1.18 lot acres
- Property size
- 7,700 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 7,700 square foot shopping center is located at 5630 TN-153 in Chattanooga, Tennessee, 37343, within Hamilton County. The property, a single-story, Class C building on a 1.18-acre lot, is zoned C2 and features eight units currently 80% occupied by five tenants. The asking price is $1,400,000 ($181.82/SF). The center underwent renovations in 2022, including exterior repainting. Leases are gross, month-to-month or one-year terms, with tenants open to longer-term agreements. The property presents a redevelopment opportunity for investors, particularly those considering a 1031 exchange. Its prime location between a Super Walmart and Target ensures high visibility and foot traffic. The thriving commercial area of Hwy 153 offers strong potential for growth and return on investment. The property's location benefits from excellent transportation access via Hwy 153, proximity to residential neighborhoods, and a variety of nearby amenities including restaurants, community services, and recreational opportunities. This makes it an attractive investment in a rapidly expanding commercial district.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2491
- Latitude
- 35.1512
