620 Cherokee BlvdChattanooga, TN 37405

Property Details for 620 Cherokee Blvd

Year built

1960

Lot size

1.20 AC

Property size (Sq ft)

14,966 SF

Zone code

C2

Property type

Office properties

Property subtype

Other office properties

APN

135C B 003

APU

135CB003

Description

This exceptional North Shore Chattanooga property at 620 Cherokee Blvd, 37405 offers a diverse range of office and retail spaces within a 20,000 square foot Class B building. The property is ideally suited for businesses seeking a blend of convenience and affordability. Multiple tenancies are available, with a minimum divisible space of 250 square feet and a maximum contiguous space of 1,000 square feet. Currently, 500 square feet of space is vacant and ready for immediate occupancy. The building features ample free surface parking for tenants and employees. Individual office suites are complemented by shared common area restrooms and a convenient breakroom. This location provides easy access to downtown Chattanooga, yet offers significantly lower rental rates than comparable downtown properties. The property's APN is 033135C B 00300P000. This is an excellent opportunity for businesses seeking a well-maintained, functional, and cost-effective office space in a desirable Chattanooga neighborhood. The property is categorized as mixed-use, encompassing both office and retail space, and is further classified as an office building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,165,374

  6.5%

  $2,921,884

  7%

  $2,713,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,437,812

  Geo Method

  $2,919,268

• Alternative Use

  Use

  Valuation

  Residential

  $3,623,136

  Hospitality

  $3,318,773

  Educational

  $2,761,180

  Medical

  $2,856,142

  Retail

  $4,295,170

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0694

Longitude

-85.3184

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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