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    OFF-MARKET
    Individual retail properties

    3928 Dayton Blvd, Chattanooga, TN 37415-2716

    3,577 SF 0.27 ac lot Built 1935
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US80-1098749
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a two-unit, 3,577 square foot retail/office building situated on a 0.26-acre lot in the heart of Red Bank, Chattanooga, Tennessee. Located at the highly visible intersection of Dayton Blvd and Morrison Springs Road, the property boasts over 20,000 vehicles per day passing by. The building, constructed in 1935 and renovated in 2021, features a brick exterior, single story design, and a flat TPO roof with a transferable 20-year warranty. Currently divided into two suites (2,336 sq ft and 1,241 sq ft), the layout allows for flexibility. One suite was previously a hair salon, offering an open and bright space with multiple workstations and private rooms. The other suite is currently used as office space, featuring private offices and a reception area. The property includes 21 parking spaces and is zoned C-2. The asking price is $675,000, representing a price per square foot of $188.71. This is a value-add investment opportunity with significant potential for increased rental income. The property's excellent location and ample parking make it an attractive proposition for a variety of tenants. The existing columns allow for redevelopment into a single-tenant space if desired. The property's address is 3928 Dayton Blvd, Chattanooga, TN 37415, and the APN is 109P G 009. The lease type is NNN.

    Property profile
    Verified
    Property type Individual retail properties
    Use group BARBER, HAIR SALON
    Year built 1935
    Total area 3,577 SF
    Lot 0.27 ac (11,915 SF)
    Zoning code C2
    APN 109P G 009
    UPID US80-1098749
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Muse Aesthetics Hair Salon Nail Salon
    • Nearby Self Storage Units Storage Facility
    • Fox Skin And Body Work Spa & Massage Center
    • Davis Massage and Bodywork Alternative Medicine Practice Spa & Massage Center
    • Mitchell Robert Studio Salon Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nasser Bahadoran · 7 yrs held
    Nasser Bahadoran
    since 2018
    1 recorded transaction
    2018
    $315,000
    Zoning & alternative use
    C2 · Chattanooga, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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