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Property profile & analytics
OFF-MARKET
Retail space

7418 Igou Gap Rd Chattanooga, TN 37421

2,696 SF 1 ac lot Built 1987
Property ID
US80-0447803
Property summary
AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Chattanooga, Tennessee. Located at 7418 Igou Gap Rd, this 1-acre parcel boasts a prime location, just one block from Gunbarrel Road and backing up to a thriving shopping center anchored by Target, Whole Foods, and Kohl's. The property includes a 2,696 square foot, two-story storefront building constructed in 1987. The building sits on a 1-acre lot zoned C5 Commercial, offering significant development potential. Its strategic location provides easy access to the I-75 corridor and East Brainerd Road, connecting to multiple East Brainerd neighborhoods. The high visibility and proximity to Hamilton Place Mall and Erlanger East Hospital make this an incredibly desirable location with dense commercial activity and established national brands. The asking price is $995,000, representing a land value of $995,000 per acre. The property is offered for sale by owner, and the owner is open to considering a ground lease. This is a rare chance to acquire a highly sought-after commercial property in a rapidly growing area of Chattanooga. The existing structure adds value, but the true potential lies in the C5 zoning and the property's exceptional location.

Property profile
Verified
Property type Retail space
Year built 1987
Total area 2,696 SF
Lot 1 ac (43,560 SF)
UPID US80-0447803
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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