9298 Apison Pike Ooltewah, TN 37363
- Medical offices
- 1,032 SF
- 1.00 lot acres
Current Use by Public Records
- McKee Health Resource Center / Medical Center
- Piece A-Cake / Bakery
- 35 South Real Estate & Design / Real Estate Agency
- Chattanooga Healthy Hearing / Audiologist / Hearing Aid Repair Service
- Chattanooga Pain Medicine / Pain Control Clinic
Property Details for 9298 Apison Pike
- Year built
- 2008
- Lot size
- 1.00 lot acres
- Property size
- 1,032 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 140 188.18C004
- APU
- 14018818C004
Description
This exceptional commercial property, located at 9298 Apison Pike in Ooltewah, Tennessee, presents a unique investment opportunity. The 1,450 square foot retail space houses a well-established and reputable bakery, "Piece-A-Cake Bakery," which is included in the sale. The fully equipped bakery features display cases, kitchen appliances, prep stations, stainless steel tables, a walk-in freezer, refrigerator, oven, and sinks – all ready for immediate operation. The building, constructed in 2008, sits on a 0.74-acre lot and boasts charming architecture and excellent condition, including ample parking. Its prime location offers high visibility and foot traffic, just blocks from Collegedale Commons, Imagination Station, the Wolftever Creek Greenway, Little Debbie Park, and The Greenbrier. Convenient access to I-75, Volkswagen exit, and Ooltewah's exit 11, along with proximity to Southern Adventist College, ensures a strong customer base. The property is a deeded commercial unit with a $220 monthly CAM fee covering roof, exterior, insurance, fire protection, lighting, waste removal, parking lot, and landscaping. A five-year-old HVAC system (with a remaining warranty) and all-electric utilities (water and sewer) contribute to efficient operation. The current owner will provide training to the buyer, allowing for continued bakery operation or expansion into other retail ventures. The asking price is $659,000, and there are no franchise fees associated with the bakery.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $270,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $205,000
- Mixed-Use
- $280,000
- Hospitality
- $250,000
- Educational
- $260,000
- Residential Income
- $280,000
- Energy
- $235,000
- Income-Based Land
- $230,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Ooltewah
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.0722
- Latitude
- 35.0614
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
