830 Dodson AveChattanooga, TN 37406

Property Details for 830 Dodson Ave

Year built

1991

Lot size

0.64 AC

Property size (Sq ft)

6,720 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

146D E 001

APU

146DE001

Description

This exceptional investment opportunity presents a 6,720 square foot, single-story commercial property located at 830 Dodson Avenue in Chattanooga, Tennessee. The property, built in 1991, is classified as a Class C shopping center and traditional office space, currently vacant and offering significant value-add potential. Comprising four individual units, each unit is approximately 1,680 square feet, and the entire property sits on a 0.64-acre lot zoned C2. The asking price is $550,000, translating to $81.85 per square foot and $137,500 per unit. The property boasts a projected 8% cap rate based on anticipated rents. Its prime location is just three blocks from CHI Memorial Hospital and CVS Pharmacy, and seven blocks from the Chattanooga Public Library, ensuring high visibility and accessibility. Ample parking is available. The property's proximity to a new Nippon paint manufacturer under construction further enhances its long-term growth prospects. This versatile commercial asset offers a compelling opportunity for investors seeking a strong return in a thriving Chattanooga neighborhood. The Hamilton County Assessor's Parcel Number (APN) is 146D E 001. An adjacent property at 824 Dodson Avenue is also available for purchase, presenting an opportunity for portfolio expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $2,089,325

  6.5%

  $1,928,607

  7%

  $1,790,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,758,444

  Geo Method

  $3,303,224

• Alternative Use

  Use

  Valuation

  Residential

  $1,626,852

  Hospitality

  $1,490,188

  Educational

  $1,239,819

  Medical

  $1,282,458

  Retail

  $1,928,607

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0459

Longitude

-85.2632

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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