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    OFF-MARKET
    Medical space

    5026 Old Godsey Ln, Chattanooga, TN 37343

    2 ac lot
    Individually Owned 3-yr Hold
    Property ID
    US80-1612732
    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 Medical space
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jay M Simpson · 3 yrs held
    Jay M Simpson
    since 2023
    2 recorded transactions
    2023
    2023
    $525,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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