1010 3rd St Chattanooga, TN 37403-2109
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.
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Lancaster Beth E Physician
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Phil Megison, MD Physician
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Sarah E. Johnson, PA Physician
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Republic Parking Parking Lot & Garage
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Southeastern Oculofacial Surgical Specialists, PLCC Medical Group Surgical Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R4 · Chattanooga, TNCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.