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17556895
17556894

830 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
754 days on market
Updated 3 days ago

830 Dodson Ave

Details
APN 146D E 001
Property Type Office, Retail
Sub Type Shopping Center, Traditional Office
Square Footage 6,720
Units 4
Cap Rate 8.00%
Tenancy Vacant
Price per SqFt $82
Price Per Acre $859,375
Class C
Year Built 1991
Buildings 1
Stories 1
Acreage 0.640
Zoning C2
Parking Spaces spaces
Investment Type Value Add

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

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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