6101 Enterprise Park Dr Chattanooga, TN 37416-3668
- Office Properties & Spaces
- 16,502 SF
- 1.93 lot acres
Apr 29, 2024
Current Use by Public Records
- Ricoh USA / Big Box & Wholesale Store
- ServiceMaster Cleaning & Restoration / Hardware & Home Improvement / Construction Company
- 316 Excavating / General Contractor / Construction Company
- Home Helpers Home Care of Chattanooga / Home Health Care Service
- Signal Mountain Girl Scouts / Family Recreation Center / Volunteer Organization
Property Details for 6101 Enterprise Park Dr
- Year built
- 2000
- Lot size
- 1.93 lot acres
- Property size
- 16,502 SF
- Property type
- Office Properties & Spaces
- APN
- 129P B 017
- APU
- 129PB017
Description
This exceptional 1,900 square foot office space is ideally situated at the corner of Jersey Pike and Bonny Oaks in Chattanooga's thriving submarket. The single-story, 2000-built building offers a convenient and functional layout perfect for a variety of businesses. The space features a large, open reception area, three private offices, two restrooms, and a spacious break room, providing ample room for both employees and clients. The property boasts abundant parking, a significant advantage in this busy area. With a total building size of 16,502 square feet, this 1,900 square foot suite represents a fantastic opportunity for a business seeking a well-maintained, Class C office space. The 1.94-acre lot provides ample room for expansion or future development. Its strategic location offers easy access to major transportation arteries, including Highway 153, placing your business within close proximity to Volkswagen and Enterprise South industrial parks. This is a rare opportunity to secure a well-positioned office space in a high-demand area. The minimum divisible space is 1,900 square feet, and the maximum contiguous space available is also 1,900 square feet. Currently, 1,900 square feet is vacant and ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,140,000
- ML approach
- $2,140,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,035,000
- 6.5%
- $2,805,000
- 7%
- $2,605,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,865,000
- AI Estimate
- $2,865,000
Market price range: $1.50M - $3.32MMarket price range: $1.50M - $3.32M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,325,000 Current use
- AUTO REPAIR, GARAGE
- $3,505,000 Change: +51% Conversion: Difficult
- RETAIL STORES
- $2,005,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.19
- Latitude
- 35.073
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA