5803-5805 Lee Hwy - Office/Residential FOR SALE


Chattanooga, TN 37421- Marimont-Old Crab Tree
$1,350,000 USD
706-537-1674
5803-5805 Lee Hwy, Chattanooga, TN for Sale
$1,350,000 USD
Office/Residential - FOR SALE
1/33
null | 6.67% Cap Rate

5803-5805 Lee Hwy
Chattanooga, TN 37421
Marimont-Old Crab Tree


HIGHLIGHTS

  • High Traffic Location with 70,000 vehicles per day
  • Excellent visibility on Lee Hwy corridor
  • Fully leased with strong tenant mix

OVERVIEW

Prime Fully Leased Retail Investment | Strong Cash Flow | High-Visibility Location Exceptional opportunity to acquire a fully occupied retail plaza positioned on a major corridor with approximately 70,000 vehicles per day, delivering outstanding visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, this property offers prime accessibility in one of the area’s most active commercial pockets. This property produces strong NOI, making it a true turnkey investment with immediate cash flow and additional upside through future rent increases and continued area growth. The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Manufacturing, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-C

APN/PARCEL ID

158A-C-021

ASK ABOUT THIS PROPERTY

Roger HaikalKeller Williams CT CapitalMore Info
706-537-1674

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Roger HaikalKeller Williams CT CapitalMore Info
706-537-1674

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.