Property profile

2200 Hamilton Pl Blvd Chattanooga, TN 37421

OFF-MARKET
Retail space
Property ID
US80-1842988
4,875 SF 0.87 ac lot Built 1993
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,660 square foot Class A freestanding building, situated on 0.78 acres in Chattanooga, TN's vibrant Hamilton Place retail/medical corridor, presents a unique leasing opportunity. Built in 1993, this single-story structure boasts a 10-foot ceiling height and offers flexible space ideal for multiple tenants, with a minimum divisible unit of 1,070 square feet and a maximum contiguous space of 4,660 square feet. The property includes 25 dedicated parking spaces and benefits from excellent visibility and convenient access via a traffic light on Gunbarrel Road. Currently entirely vacant, the building features a retail showroom (approximately 3,200 square feet), a 700 square foot storage area, three restrooms, a large office, a staging area, and a break room with a kitchenette. Its strategic location near the Hamilton Place Mall (Tennessee's second most visited super-regional mall), offers unparalleled exposure to a high volume of traffic and proximity to major national retailers including Dillard's, Belk, JCPenney, Dick's Sporting Goods, Walmart, Target, Lowe's, Home Depot, and numerous dining establishments. Furthermore, its proximity to Erlanger East Hospital and other medical offices makes it an attractive option for medical practices. The property is zoned C-4. This is an exceptional opportunity to establish a presence in a high-traffic, high-visibility location within a thriving commercial area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Total area 4,875 SF
Lot 0.87 ac (38,056 SF)
APN 149I A 001.45
UPID US80-1842988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Tax Preparation
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Electronics & Wireless Store
  • Courier Service Postal Service

Location

2200 Hamilton Pl Blvd Chattanooga, TN 37421-6021
Chattanooga metro Census 11446 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
$990k
Blend (final) Blend
$990k

Owner & transaction history

since 2016
Last sale
$990,000
2 recorded transactions
2016
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.2M +80.2%
Auto repair, garage $1.0M +57.7%
Commercial (general) $935,000 +42.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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