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17556763
17556762

824 Dodson Ave, Chattanooga, TN 37406

VN
TN 371769, GA 432287
EXP Commercial
JE
TN 371068, GA 431141
EXP Commercial
Listed by EXP Commercial
$550,000
756 days on market
Updated 60 days ago

824 Dodson Ave

Details
APN 146d E 019
Property Type Retail
Sub Type Restaurant, Shopping Center
Square Footage 6,720
Units 3
Cap Rate 8.00%
Tenancy Vacant
Price per SqFt $82
Price Per Acre $859,375
Class C
Year Built 1989
Year Renovated 1994
Buildings 1
Stories 1
Acreage 0.640
Zoning C2
Parking Spaces spaces
Investment Type Value Add

Retail strip center with 3 units | 8.00% CAP | 6,720 SF

Marketing description

Introducing a prime value-add opportunity in Chattanooga, TN - 824 Dodson Avenue. This strip center, located on the bustling Dodson Ave, features three equally divided units with immense potential. A cosmetic rehab promises significant returns with a 9% cap rate from projected rents at $10.68/SF/YR. Built in 1989 and renovated in 1994, this property spans 6,720 SF on a 0.64-acre lot with attached signage and ample parking for future patrons. An adjacent building at 830 Dodson is also available, augmenting the investment proposition. With a strategic location and a promising prospect for growth, this property is poised to be a great addition to any portfolio. Don't miss out on the chance to capitalize on this exciting offering.

Investment highlights

  • Retail strip center with 3 units

  • 8% cap rate from projected rents at $10.68/SF/YR

  • 6,720 SF on a 0.64-acre lot

  • Pylon signage

  • Ample parking

Listing Contacts

VN
TN 371769, GA 432287
EXP Commercial
JE
TN 371068, GA 431141
EXP Commercial
Listed by EXP Commercial

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Additional Information

Name
Vu Nguyen
License
371769
Brokerage
EXP Commercial
Brokerage Phone
423-216-2500
Title
Real Estate Salesperson
Name
Justin Evinger
License
371068
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