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28880387
28880388

5519 TN-153, Chattanooga, TN 37343

LS
TN TN 340956
Tower Property Group, LLC
Listed by Tower Property Group, LLC
$3,700,000
197 days on market
Updated 99 days ago

5519 Highway 153

Details
APN 099L E 011
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 18,240
Net Rentable (SqFt) 18,240
Units 32
Cap Rate 7.03%
NOI $260,037
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.92%
Pro-Forma NOI $255,887
Price per SqFt $203
Broker Co-Op Yes
Class B
Year Built 1973
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.990
Zoning C-C
Investment Type Stabilized
Sale Condition For sale by owner

Mixed Use | 7.03% CAP | 18,240 SqFt

Marketing description

5519 Highway 153 is a well-positioned commercial asset located along one of Hixson’s most heavily traveled corridors. The property benefits from strong visibility, consistent traffic counts, and immediate access to major national retailers, restaurants, and service operators that define this established trade area. Its strategic placement within a dense residential and commercial pocket makes it a compelling choice for businesses seeking exposure and convenience.

Investment highlights

5519 Highway 153 is a well-positioned commercial asset located along one of Hixson’s most heavily traveled corridors. The property benefits from strong visibility, consistent traffic counts, and immediate access to major national retailers, restaurants, and service operators that define this established trade area. Its strategic placement within a dense residential and commercial pocket makes it a compelling choice for businesses seeking exposure and convenience.

Listing Contacts

LS
TN TN 340956
Tower Property Group, LLC
Listed by Tower Property Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$260,037.00
$21,669.75/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

Map

Zoning

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C-C CommercialSpecial CommercialCommercial Corridor Zone
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View all 129 uses
View all 129 uses
Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Levi Sprayberry
License
TN 340956
Brokerage
Tower Property Group, LLC
Title
Affiliate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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