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Property profile & analytics
OFF-MARKET
Land

5860 Tn-153 Chattanooga, TN 37343

644 SF Built 1950
Property ID
Property summary
AI-generated overview

This exceptional 33,748 sq ft commercial land parcel in Chattanooga, Tennessee, presents a compelling investment opportunity. Located on Highway 153, this property boasts 244 feet of road frontage, offering unparalleled visibility and accessibility. Currently zoned R-4, the site presents numerous development possibilities. The property includes a 644 sq ft, single-story home built in 1950 and renovated in 2020, currently used as a rental. Note that the home is sold "as is" and viewings are contingent upon an acceptable offer. An adjacent lot with additional Highway 153 frontage is also available. The property's strategic location next to the Crye-Leike Plaza further enhances its value and potential. The asking price is $495,000, translating to $768.63 per square foot. Access for land viewing is available from the Crye-Leike Plaza parking lot. APN: 091P B 013. This is a rare opportunity to acquire a highly desirable commercial property in a thriving Chattanooga location.

Property profile
Verified
Property type Land
Year built 1950
Total area 644 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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