5512 Ringgold Rd Chattanooga, TN 37412-3183

Property Details for 5512 Ringgold Rd

Year built

1987

Lot size

1.31 lot acres

Property size

23,552 SF

Zone code

C2

Property type

Office Properties & Spaces

APN

169K B 001

APU

169KB001

Description

This exceptional mixed-use property, located at 5512 Ringgold Rd, East Ridge, TN 37412, presents a compelling investment opportunity. The 23,100 square foot building sits on a 1.2-acre lot and boasts a prime location on a hard corner with traffic signals, experiencing approximately 25,000 vehicles per day. The property features 21 units ranging in size from 510 to 1,850 square feet, currently operating at 48% occupancy. The building is a two-story structure with a C2 & C6 zoning designation, allowing for diverse uses. The property is situated within the Border Region Overlay, benefiting from potential financial incentives designed to stimulate development. ALTA surveys are available upon request. The asking price is $1,785,000, translating to $77.27 per square foot. This owner/user investment presents a potential upside opportunity for a savvy investor seeking a multi-tenant property in a high-traffic area with significant development potential. The property's diverse unit sizes cater to a wide range of tenants, offering flexibility and income diversification. The strategic location within the Border Region District provides access to potential financial incentives, further enhancing the investment's appeal.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Longitude

-85.2281

Latitude

34.992

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments