5860 Tn-153 Chattanooga, TN 37343
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.
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
Similar Nearby for Sale
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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.