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Property profile & analytics
FOR LEASE
Industrial properties

739 Ashland Ter Chattanooga, TN 37415

17,303 SF 1.88 ac lot Built 1974
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US80-0092034
Property summary
AI-generated overview

This 17,303 square foot, two-story commercial plaza, located at 739 Ashland Terrace in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1974 and zoned C-2, the property features 20 suites, with 2,475 square feet currently vacant. Suite sizes range from a minimum of 600 square feet to a maximum contiguous space of 1,650 square feet, making it ideal for a variety of businesses. The property sits on a 1.88-acre lot and offers ample parking for tenants and customers, including a dedicated area suitable for food trucks or seasonal vendors. Its strategic location in the Red Bank submarket provides excellent visibility and accessibility, with convenient access to downtown Chattanooga, Hixson Pike, and Highway 153. The property's diverse suite sizes and ample parking make it an attractive option for retail, office, and restaurant tenants seeking a prominent location in a thriving Chattanooga neighborhood. The property's APN is 109N E 026.01. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment. The property's versatility and prime location make it a highly desirable asset in the competitive Chattanooga market.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1974
Total area 17,303 SF
Lot 1.88 ac (81,893 SF)
Zoning code C2
APN 109N E 026.01
UPID US80-0092034
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
Current use
Occupant on record · Public records
  • Who Buys Junk Cars? Discount Store Waste Management Facility
  • Hair Savvy Hair Salon Nail Salon
  • HoneyPot Deals Discount Store
  • Blades of Glory Barbershop Barber Shop
  • Tradebank of Chattanooga Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.36M
Owner & transaction history
Michael Frazier · 12 yrs held
Michael Frazier
since 2013
7 recorded transactions
2022
Price N/A
2021
Price N/A
2018
Price N/A
2013
$750,000
2009
Price N/A
2007
Price N/A
2007
$50,000
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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