You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,585,000
Medical Office Space

1010 3rd St Chattanooga, TN 37403-2109

22,387 SF 1.59 ac lot Built 1967
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-0542023
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1967
Total area 22,387 SF
Lot 1.59 ac (69,260 SF)
Zoning code R4
APN 146A H 009
UPID US80-0542023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.55M
Blend (final) Blend
$3.59M
Owner & transaction history
C A R E S INC · 1 yrs held
C A R E S INC
since 2025
Last sale
$6.9M
7 recorded transactions
2025
$6.9M
2018
$3.5M
2016
Price N/A
2010
Price N/A
2010
$1.6M
1997
Price N/A
1995
Price N/A
Zoning & alternative use
R4 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $7.8M +40.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1010 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message