1702 Shepherd Rd Chattanooga, TN 37421
This exceptional 0.66-acre commercial lot presents a unique investment opportunity in Chattanooga, Tennessee. Ideally situated at the corner of Shepherd Road, Airport Road, and Vance Road, this level lot boasts convenient access to major transportation arteries, including Highway 153 and Interstate 75, placing it within minutes of the Chattanooga Airport. The property features dimensions of 173.6 feet by 186.4 feet, totaling 28,749 square feet. Utilities are readily available at the roadside, and the lot benefits from existing drainage infrastructure. Its prime location across from several car rental businesses offers high visibility and potential for significant foot traffic. The property is zoned R4, providing flexibility for a range of commercial developments. The asking price is $169,000, and the sale is offered by the owner. The parcel number is 148J A 015, and ownership is 100%. This is a rare opportunity to acquire a well-located, commercially zoned lot with owner financing available. Don't miss out on this chance to build your business in a thriving area.
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, TNChattanooga. Always verify with local authorities before improvements.
Costs & 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.