964 Dodson AveChattanooga, TN 37406

Property Details for 964 Dodson Ave

Year built

1960

Lot size

0.65 AC

Property size (Sq ft)

2,382 SF

Zone code

R2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

146D D 002

APU

146DD002

Description

This exceptional redevelopment opportunity presents a 2,382-square-foot vacant building situated on a 1.4-acre corner lot in the heart of downtown Chattanooga, Tennessee. Located at 964 Dodson Ave, this property boasts high visibility on a heavily trafficked road (2023 traffic count: 6,642 vehicles). The building, constructed in 1960, has been completely gutted to the studs, offering a blank canvas for a diverse range of uses. Its R-2 zoning permits various possibilities, including convenience stores, restaurants, storefronts, offices, or even medical facilities. The property features convenient ingress and egress points on both Dodson Avenue and Windsor Street. The asking price is $550,000, translating to $230.90 per square foot. This is a unique chance to acquire a substantial property in a thriving downtown area, ready for immediate redevelopment to suit your vision. The Hamilton County location, with its address of 964 Dodson Ave, Chattanooga, TN 37406, offers unparalleled access to the city's amenities and vibrant community. The property is offered as a sale by owner. APN: 146D D 002.

• CAP approach

  CAP return

  Valuation

  6%

  $740,591

  6.5%

  $683,622

  7%

  $634,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,770

  Geo Method

  $1,170,875

• Alternative Use

  Use

  Valuation

  Residential

  $576,661

  Hospitality

  $528,218

  Educational

  $439,472

  Medical

  $454,586

  Retail

  $683,622

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0474

Longitude

-85.2624

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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