964 Dodson Ave Chattanooga, TN 37406
- Turn key restaurants
- 2,382 SF
- 0.65 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 964 Dodson Ave
- Year built
- 1960
- Lot size
- 0.65 lot acres
- Property size
- 2,382 SF
- Zone code
- R2
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $235,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $230,000
- Mixed-Use
- $290,000
- Hospitality
- $280,000
- Educational
- $235,000
- Residential Income
- $230,000
- Energy
- $245,000
- Income-Based Land
- $270,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2624
- Latitude
- 35.0474
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA