4747 Hwy 58 Chattanooga, TN 37416-2231
- Medical offices
- 1,886 SF
- 0.93 lot acres
Mar 15, 2021
Current Use by Public Records
- Medical offices
Property Details for 4747 Hwy 58
- Year built
- 1957
- Lot size
- 0.93 lot acres
- Property size
- 1,886 SF
- Zone code
- C2
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 129B D 007
- APU
- 129BD007
Description
This exceptional Chattanooga, TN retail property offers a compelling investment opportunity. The property consists of three tenants: a Family Dollar, an urgent care facility, and a luxury beauty supply store, occupying a combined 26,210 square feet on a 2.39-acre lot at 4747 and 4749 Hwy 58, zip code 37416. Currently operating at 100% occupancy, this multi-tenant retail center generates a substantial net operating income (NOI) of $204,466, representing a 7.43% cap rate. The asking price is $2,750,000, translating to $104.92 per square foot. The property benefits from a prime location on a major thoroughfare connecting Georgia and Tennessee, ensuring high visibility and accessibility. Surrounded by residential areas and other established businesses, this investment presents a strong potential for continued growth and return. The versatile space is ideal for a variety of retail ventures, making it an attractive option for savvy investors seeking a stable, high-performing asset in a thriving market. This is a net lease investment, minimizing management responsibilities. The property's strategic location within a densely populated area, combined with its strong tenant mix, makes it a highly desirable investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1903
- Latitude
- 35.0879
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
