1010 3rd St Chattanooga, TN 37403-2109
Property Lookup
Property profile & analytics
1010 3rd St Chattanooga, TN 37403-2109
- Medical Office Space
- 22,387 SF
- 1.59 lot acres
Property ID
US80-0542023
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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
- Property size
- 22,387 SF
- Zone code
- R4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 146A H 009
- APU
- 146AH009
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
based on Realmo’s proprietary methodology
-
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,122
$0.00
$0.00
$1,391,040
-
$692,600
$2,785,000
$3,477,600
