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6802 Ringgold Rd
Chattanooga, TN 37412
East Ridge Commons · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,120 SF
Building Class
C
Year Built
1985
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.52 AC
Zoning
M3
Parking
15 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
148’ on Ringgold Rd
Amenities
- Pylon Sign
About 6802 RINGGOLD RD , CHATTANOOGA, TN 37412
Excellent opportunity to purchase a Multi Tenant Office/Retail center investment near the Bass Pro Shop complex. The property is just east of the I-75 exit. This property is priced below the appraised Sales Comparison Approach in 2016. With minimal upgrades this investment has the potential to earn $45,478 annually with average market rental rates at 7.48 PSF for 12 units. This does not include the basement. In addition, there is 3,000 SF of basement space which could be utilized as rentable storage. All units are currently under market rental rates. There are currently 4 vacant units to begin on upgrades. The property currently has a NOI of $11,471.
Property Taxes
| Parcel Number | 170O-A-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $227,840 |
Property Taxes
Parcel Number
170O-A-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$227,840
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