830 Dodson Ave
Strip center with 4 units | Value-add | Vacant with 8% CAP potential
Marketing description
830 Dodson Avenue serves as a prime investment opportunity located in bustling Chattanooga, TN. This 6,720 SF strip center sits on 0.64 acres and is divided into 4 units, offering an excellent value-add opportunity. Built in 1991, the property boasts a convenient location just 3 blocks from CHI Memorial Hospital and CVS Pharmacy, and 7 blocks from the Chattanooga Public Library. With a zoning classification of C2, this property presents potential for significant returns with a projected 9% cap rate from anticipated rents of $10.68/SF/YR. The building next door at 824 Dodson Ave is also available, providing additional investment options. A new Nippon paint manufacturer under construction 1.4 miles away further enhances the area's growth potential. Don't miss this opportunity to own a versatile commercial asset in a highly visible location.
Investment highlights
Retail strip center with 4 units
8% cap rate from projected rents at $10.68/SF/YR
6,720 SF on a 0.64-acre lot
Ample parking
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