Property profile

5026 Old Godsey Ln Chattanooga, TN 37343

OFF-MARKET
Retail properties & Spaces
Property ID
US80-1612732
2 ac lot
Individually Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 2-acre commercial land parcel, located at 5026 Old Godsey Lane in Chattanooga, Tennessee, presents a unique investment opportunity. Boasting 330 feet of prime road frontage on Northpoint Boulevard, with additional access from Old Godsey Lane, this property offers unparalleled visibility and accessibility. The C2 zoning allows for a diverse range of uses, including retail, office, and medical facilities, making it ideal for a variety of development projects. Its strategic location, less than 200 feet from Memorial Hospital and near Northgate Mall and Ridgeview Apartments, ensures high traffic and visibility within a thriving medical and residential community. The site is conveniently located within one mile of major roadways including Highway 153, Dupont Parkway, and Hixson Pike, providing easy access for commuters and customers. All previous structures have been removed, and utilities are available, making this a development-ready site. The surrounding area is home to a significant number of businesses and employees, with a strong concentration in the healthcare sector. This property offers a compelling combination of location, zoning flexibility, and development readiness, making it an attractive investment in a rapidly growing area of Chattanooga, part of the Chattanooga, TN-GA Metropolitan Statistical Area. The property's proximity to numerous amenities, including major retailers and restaurants, further enhances its appeal. A full offering memorandum is available.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2 ac (87,120 SF)
UPID US80-1612732

Cap rate & NOI

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

Location

5026 Old Godsey Ln Chattanooga, TN 37343
Chattanooga metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2023
$525,000

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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