5890 Tn-153 Chattanooga, TN 37343
This exceptional 2.72-acre commercial and residential land parcel presents a prime investment opportunity in Chattanooga, Tennessee. Located on Highway 153, this property boasts high visibility with approximately 32 feet of frontage, ensuring significant exposure to the 29,000+ vehicles traversing this busy thoroughfare daily. The land features level to rolling topography and is conveniently situated less than 20 minutes from downtown Chattanooga and within minutes of major retailers including Academy Sports, Kohl's, Walmart, Target, Lowe's, and The Home Depot. Utilities, including sewer, electric, and water, are readily available. The property's zoning (R1, R4, & C2) allows for diverse development options, catering to a range of commercial and residential projects. This thriving corridor offers a unique blend of established businesses and exciting new developments, making it an ideal location for both investors and entrepreneurs seeking to capitalize on a high-growth area. Easy access to Highway 27 and the Chattanooga Airport further enhances its appeal. While existing structures on the site are not factored into the asking price of $1,950,000, interior access can be arranged following contract acceptance. Buyers are responsible for conducting their own due diligence to verify all information and identify any relevant property restrictions. Tax parcels 091P B 015 and 091P B 017 are included. Property lines shown in photos are approximate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.