3510 Ringgold Rd, Chattanooga, TN 37412
- Drug stores
- 14,992 SF
- 2.95 lot acres
Current Use by Public Records
- Drug stores
Property Details for 3510 Ringgold Rd
- Year built
- 2000
- Lot size
- 2.95 lot acres
- Zone code
- LB
- Property type
- Drug stores
- APN
- 168D C 010
- APU
- 168DC010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 20, 2025 | $2,225,000 | Glenn Knox Properties LLC | Wbcmt 2006 C24 Ringgold Road LLC | Special Warranty Deed | $1.9M · First Horizon Bank |
| Apr 19, 2024 | $2,206,000 | Wbcmt 2006 C24 Ringgold Road LLC | Cole Wg East Ridge Tn LLC | Trustees Deed · related | — |
| Jul 26, 2006 | $4,900,000 | 3508 Ringgold Realty LLC | Cole Wg East Ridge Tn LLC | Grant Deed | — |
| Nov 22, 2005 | $4,518,000 | Cole Wg East Ridge Tn LLC | Osborne Building Corp | Warranty Deed | $3.6M · Wachovia Bank NA |
Description
This exceptional redevelopment opportunity presents a 15,120 square foot, single-story, free-standing retail building currently occupied by Walgreens at 3510 Ringgold Road in Chattanooga, Tennessee. Situated on a 2.95-acre lot in the established East Ridge community, this property boasts significant frontage (396 feet) and depth (250 feet) along Ringgold Road, a high-traffic thoroughfare with a 2023 average daily vehicle count of 22,406. The building, constructed in 2000, features a drive-through and is zoned C2. The current lease with Walgreens allows for termination in 2026 and every five years thereafter through 2061, presenting a compelling investment opportunity for redevelopment. The property's location within a thriving community with average household incomes exceeding $76,000 within a five-mile radius ensures strong potential for future success. The property's parcel number is 168D C 010. This is a rare chance to acquire a significant retail asset in a prime Chattanooga location with substantial redevelopment potential. The building is currently 100% occupied.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,930,000
- 6.5%
- $1,780,000
- 7%
- $1,655,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,711,000
- AI Estimate
- $1,711,000
Market price range: $773k - $1.71MMarket price range: $773k - $1.71M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $3,185,000
- COMMERCIAL (GENERAL)
- $1,570,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2607
- Latitude
- 35.0034
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
