1010 3rd St, Chattanooga, TN 37403-2109
- Medical Office Space
- 22,387 SF
- 1.59 lot acres
Current Use by Public Records
- Lancaster Beth E / Physician
- Phil Megison, MD / Physician
- Sarah E. Johnson, PA / Physician
- Republic Parking / Parking Lot & Garage
- Southeastern Oculofacial Surgical Specialists, PLCC / Medical Group / Surgical Center
Property Details for 1010 3rd St
- Year built
- 1967
- Lot size
- 1.59 lot acres
- Zone code
- R4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 146A H 009
- APU
- 146AH009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2025 | $6,900,000 | C A R E S INC | W2t One LLC | Deed | $3.5M · Smartbank |
| Nov 12, 2018 | $3,500,000 | W2t One LLC | 1010 Third Gp | Warranty Deed | — |
| Aug 19, 2016 | — | 1010 Third Gp | — | Deed · related | $1.8M · Pinnacle Bank |
| Sep 21, 2010 | — | John W Mccravey | Mccravey Helen W Trust | Quit Claim Deed · related | — |
| Sep 21, 2010 | $1,600,000 | Ngc Properties LLC | Mccravey Co | Warranty Deed | $1.7M · Capitalmark Bank & Trust |
| Oct 29, 1997 | — | Mc Cravey Co LLC The | — | Deed Of Trust · related | — |
| Dec 28, 1995 | — | Mc Cravey Co LLC The | — | Deed Of Trust · related | — |
| — | — | Mccravey Co | — | Deed Of Trust · related | $850k · First Tennessee Bank National |
Description
This exceptional investment opportunity presents a vacant, two-level medical office building totaling 22,387 square feet, ideally situated in Chattanooga, Tennessee. Located at 1010 East 3rd Street, this Class C property boasts a highly desirable location directly across the street from Erlanger Medical Center, offering unparalleled access to a substantial patient base and medical professionals. The building sits on a 1.67-acre lot and is currently vacant, presenting a blank canvas for a new owner to customize and lease to their specifications. The property's strategic position within Hamilton County, zip code 37403, ensures high visibility and easy accessibility. An adjacent property, 1028 East 3rd Street, is also available for acquisition, offering an additional 15,008 square feet on 1.47 acres, creating the potential to assemble a significantly larger site of approximately 3.44 acres. This presents a unique opportunity for expansion or development, catering to the growing demand for medical office space in this thriving Chattanooga neighborhood. The asking price for this prime medical office building is $4,150,000. This is a rare chance to acquire a substantial property in a high-demand area with significant potential for future growth and profitability.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,552,000
- AI Estimate
- $4,552,000
Market price range: $3.08M - $8.35MMarket price range: $3.08M - $8.35M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $5,560,000 Current use
- RESTAURANT
- $7,805,000 Change: +40% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,755,000 Change: -15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.29
- Latitude
- 35.0469
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
