312 Vine St Chattanooga, TN 37403-3414
- Office properties & Spaces
- 2,505 SF
- 0.07 lot acres
Current Use by Public Records
- Law Office of Jay A Perry / Law Firm
- Levitt & Levitt / Law Firm
- Wendy A. Stanfield, Attorney At Law / Law Firm
- Law Offices of Fisher Wise / Law Firm
Property Details for 312 Vine St
- Year built
- 1925
- Lot size
- 0.07 lot acres
- Property size
- 2,505 SF
- Zone code
- C3
- Property type
- Office properties & Spaces
- APN
- 145D B 005
- APU
- 145DB005
Description
This exceptional free-standing, two-story office building, located at 312 Vine Street in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1925 and extensively renovated in 2010, this 2,505 square foot property boasts a desirable blend of classic charm and modern functionality. The building features seven private offices, perfect for a variety of business configurations, along with a dedicated conference room, two restrooms, a convenient breakroom, and ample storage space. The asking price is $685,000, translating to $273.45 per square foot. The property is zoned U-CX-6 and its APN is 145D B 005. Its prime location in downtown Chattanooga offers excellent proximity to the Hamilton County Courthouse, the vibrant Central Business District, and the trendy North Shore, ensuring high visibility and accessibility. This property is currently vacant due to the relocation of the previous business, making it an ideal opportunity for a new owner to customize the space to their specific needs. The building's blend of historical character and modern updates makes it a truly attractive investment in a thriving urban setting. This is a rare chance to acquire a well-maintained, centrally located office building in the heart of Chattanooga.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $630,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $460,000
- 6.5%
- $425,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $348,000
- AI Estimate
- $348,000
Market price range: $180k - $608kMarket price range: $180k - $606k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $375,000 Current use
- MEDICAL BUILDING
- $620,000 Change: +66% Conversion: Easy
- AUTO REPAIR, GARAGE
- $530,000 Change: +42% Conversion: Difficult
- RETAIL STORES
- $305,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3054
- Latitude
- 35.0496
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA