1028 3rd St, Chattanooga, TN 37403
- Medical Office Space
- 15,008 SF
- 1.17 lot acres
Current Use by Public Records
- Ratchford Misty D / Registered General Nurse
- Leah R. Lavigne, MS / Physician
- Dr. Angelina A. Supan, MD / Physician
- Robin M. Baker, LCSW / Foster Care Service / Social Service Agency
- Talley Shirley / Registered General Nurse
Property Details for 1028 3rd St
- Year built
- 1967
- Lot size
- 1.17 lot acres
- Zone code
- C3
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 146A H 010
- APU
- 146AH010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2025 | — | Chattanooga C A R E S INC | — | Deed · related | $3.5M · Smartbank |
| Nov 5, 2018 | $2,100,000 | W2t One LLC | Third Street Partners | Warranty Deed | — |
| Nov 5, 2018 | — | W2t One LLC | Third Street Partners | Quit Claim Deed · related | — |
| Jun 26, 2018 | — | Third Street Partners | State Of Tennessee | Quit Claim Deed · related | — |
| Apr 15, 2011 | $1,285,000 | Third Street Partners | Fortwood Center INC | Warranty Deed | — |
| Dec 3, 2010 | — | Jimmy L Seal | Fortwood Center INC | Quit Claim Deed · related | — |
| Aug 20, 1999 | — | Fortwood Center INC | Tenn State Of | Grant Deed · related | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,587,000
- AI Estimate
- $2,587,000
Market price range: $2.07M - $5.60MMarket price range: $2.07M - $5.60M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,730,000 Current use
- AUTO REPAIR, GARAGE
- $3,185,000 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
- -85.2892
- Latitude
- 35.0469
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
