INVESTOR & DEVELOPER ALERT! Prime commercial property just steps from Gunbarrel Road--one of Chattanooga's busiest and most rapidly developing corridors. Located on desirable Igou Gap Road, this property includes a 3-bedroom, 2-bath structure offering immediate income potential or a solid footprint for redevelopment. Zoned for commercial use and surrounded by thriving retail, dining, and medical businesses, this is a strategic site for office, retail, or multi-use projects. Expansion opportunity: An adjoining lot may also be available for purchase upon request. Properties with this level of visibility, access, and flexibility are rarely available--position your next investment for success here!
For sale
$1,500,000
7306 Igou Gap Rd, Chattanooga, TN 37421
3beds
1,500sqft
Mixed Use
Built in 1946
0.87 Acres Lot
$-- Zestimate®
$1,000/sqft
$-- HOA
What's special
- 11 days |
- 234 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Melody Smith 423-595-0199,
Compass Group Realty,LLC 423-584-5577
Source: Greater Chattanooga Realtors,MLS#: 1540594
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Features
- Ceiling Fan(s), High Speed Internet, Open Floorplan, Tub/shower Combo, Separate Dining Room
- Flooring: Hardwood, Vinyl
- Windows: Aluminum Frames
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
- Finished area above ground: 1,500
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage, Gravel, RV Access/Parking, Garage Faces Side, Kitchen Level
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Private Yard
- Pool features: None
Lot
- Size: 0.87 Acres
- Dimensions: 150 x 252
- Features: Back Yard, Cleared, Front Yard, Level, Near Public Transit, Private
Details
- Additional structures: Garage(s), Workshop
- Parcel number: 158d F 008
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Mixed Use
Materials
- Wood Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights
- Security: Smoke Detector(s)
- Subdivision: Pine Terr
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $1,000/sqft
- Tax assessed value: $160,000
- Annual tax amount: $1,378
- Date on market: 8/12/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,969/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $1,500,000+154.7%$1,000/sqft |
Source: Greater Chattanooga Realtors #1540594 Report a problem | ||
| 8/21/2018 | Listing removed | $589,000$393/sqft |
Source: Keller Williams Realty Cleveland #20162686 Report a problem | ||
| 5/10/2016 | Listed for sale | $589,000+5254.5%$393/sqft |
Source: Keller Williams - Cleveland #20162686 Report a problem | ||
| 1/1/1970 | Sold | $11,000$7/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $606 -13.3% | $40,000 +28% |
| 2024 | $699 | $31,250 |
| 2023 | $699 | $31,250 |
| 2022 | $699 | $31,250 |
| 2021 | $699 -3.7% | $31,250 +19% |
| 2020 | $726 | $26,250 |
| 2019 | $726 | $26,250 |
| 2018 | $726 -49.9% | $26,250 |
| 2017 | $1,450 -14% | $26,250 |
| 2016 | $1,686 | -- |
| 2015 | $1,686 | $30,950 |
| 2014 | $1,686 +6.1% | -- |
| 2013 | $1,588 | $30,950 -1.1% |
| 2012 | $1,588 | $31,300 |
| 2011 | $1,588 | $31,300 |
| 2010 | $1,588 +7.9% | $31,300 |
| 2009 | $1,472 | $31,300 +25.5% |
| 2008 | -- | $24,950 |
| 2007 | -- | $24,950 |
| 2006 | -- | $24,950 |
| 2005 | -- | $24,950 +33.2% |
| 2004 | -- | $18,725 |
| 2003 | -- | $18,725 |
| 2002 | -- | $18,725 |
| 2001 | -- | $18,725 +15.2% |
| 2000 | -- | $16,250 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Concord Heights
Nearby schools
GreatSchools rating
- 4/10East Brainerd Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 7/10Ooltewah Middle SchoolGrades: 6-8Distance: 5.9 mi
- 5/10Ooltewah High SchoolGrades: 9-12Distance: 7.2 mi
Schools provided by the listing agent
- Elementary: East Brainerd Elementary
- Middle: Ooltewah Middle
- High: Ooltewah
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $247,0003 bd2 ba1.6k sqft7302 Igou Gap Rd, Chattanooga, TN 37421Off Market
- $---- bd-- ba-- sqft1833 Gunbarrel Rd, Chattanooga, TN 37421Off Market
- $---- bd-- ba-- sqft7312 Igou Gap Rd, Chattanooga, TN 37421Off Market
- $318,3004 bd3 ba1.7k sqft1824 Farris Rd, Chattanooga, TN 37421Off Market
- $318,500-- bd-- ba1.4k sqft7313 Igou Gap Rd, Chattanooga, TN 37421Off Market
- $230,100-- bd1 ba1.4k sqft7305 Igou Gap Rd, Chattanooga, TN 37421Off Market
- $207,400-- bd1 ba1k sqft1835 Farris Rd, Chattanooga, TN 37421Off Market
- $1,450,0004 bd5 ba5.4k sqft7303 Igou Gap Rd, Chattanooga, TN 37421Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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