5821 Lee Hwy Chattanooga, TN 37421

This exceptional value-add opportunity presents a 12,707 square foot multi-tenant storefront located at 5817-5821 Lee Hwy in Chattanooga, Tennessee. The property, built in 1990, sits on a 0.65-acre lot and boasts 100% occupancy with four units, generating a strong net operating income (NOI) of $70,716 and a 4.58% cap rate. Currently operating under a modified lease structure, the property offers significant upside potential. The asking price is $1,545,000, translating to $121.59 per square foot. Situated in the desirable East Brainerd area, this Class C property benefits from a prime location with high visibility and accessibility. The C2 zoning allows for flexible use, including retail, office, or mixed-use development. The surrounding area demonstrates strong demographics, including a high average household income exceeding $75,000 and a well-educated population. This presents a compelling investment opportunity for those seeking to capitalize on a thriving market and enhance the property's value through strategic renovations or lease-up strategies. The property's strong current performance, combined with its potential for future growth, makes it an attractive addition to any investment portfolio.