1028 3rd St Chattanooga, TN 37403
This exceptional investment opportunity presents a vacant, two-story medical/traditional office building totaling 15,008 square feet situated on a generous 1.47-acre lot in Chattanooga, Tennessee. Located at 1028 East 3rd Street, this Class C building, constructed in 1967, offers significant potential for redevelopment or immediate occupancy. The property's strategic location directly across from Erlanger Medical Center makes it highly desirable for medical practices or related businesses. The building is currently vacant, providing a blank canvas for a new owner to customize the space to their specific needs. With its substantial size and prime location, this property represents a compelling investment opportunity in a thriving Chattanooga market. An adjacent property, 1010 East Third Street, offering an additional 22,387 square feet on 1.67 acres, is also available for acquisition, allowing for the assembly of a combined parcel of approximately 3.44 acres. This presents a unique chance to expand the development potential significantly. The property's zoning and potential for expansion should be verified independently.
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Ratchford Misty D Registered General Nurse
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Leah R. Lavigne, MS Physician
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Dr. Angelina A. Supan, MD Physician
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Robin M. Baker, LCSW Foster Care Service Social Service Agency
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Talley Shirley Registered General Nurse
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
C3 · 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.