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!
Hickory Valley-Hamilton Place, located between I-75 and the South Chickamauga Creek Greenway, is a commercial and residential Chattanooga neighborhood with big-box retail corridors and creekside trail pockets. The neighborhood’s energy concentrates around the Hamilton Place Blvd and Gunbarrel Rd intersection, where shopping plazas, patios, and service storefronts keep the sidewalks busy. Community pillars include the Chattanooga Marriott at Hamilton Place, the Hamilton Place 18 cinema, and the Chattanooga Audubon Society at Audubon Acres. Housing trends toward late-20th-century subdivisions and apartment communities set behind wide arterials. Flat terrain and multi-lane roads shape a car-forward rhythm, while greenway segments add a quieter counterpoint. Restaurants and retail cluster in dense nodes, with pockets of trees and water along the creek.
Provided by Walk Score and Local Logic
Offer insights
7306 Igou Gap Rd · $1,500,000
$1.48M and above
75% chance or better to win
Why $1.48M+ is a strong offer
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
LIST PRICE
$1,500,000
Median list price in this area is $392,845. (74% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Ceiling fans
Open floorplan
Separate dining room
Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms
Kitchen
Refrigerator
Microwave
Gas range
Dishwasher
Laundry & utility
Washer hookup
Electric dryer hookup
Flooring
Wood flooring
Vinyl flooring
Heating & cooling
Central heating (electric)
Central air (electric)
Ceiling fans for cooling
Exterior features
Level, cleared and private yard
Other landscaping/features
Lot dimensions approximately 150 x 252
Home design
Residential property
Three or more levels
Entry level information not provided
Parking
Detached 2-car garage
Driveway parking
Gravel driveway
Total 2 parking spaces (2 covered)
Security
Smoke detectors
Construction
Wood siding
Asphalt roof
Block foundation
Existing construction (year built details provided as existing)
Utilities
Public water
Public sewer
Electricity available
Water service available
Other
Living area and building area listed as 1500 (source: Assessor)
Lot size approximately 0.87 acre (agent calculated)
Electricity and solar
View estimated energy costs and solar savings for this home
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!
REALTRACS as Distributed by MLS Grid #3510308
Aug 12, 2026
Listed
$1,500,000
$1,000/sq ft
REALTRACS as Distributed by MLS Grid #2736263
Nov 17, 2025
Listing Removed
—
Nov 17, 2025
Listed
$589,000
$393/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$606 (−13.3%)
2024
$699
2023
$699
2022
$699
2021
$699 (−3.7%)
2020
$726
2019
$726
2018
$726
2017
$726 (−15.1%)
2016
$855
2014
$855
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
150 ft.
Lot depth
252 ft.
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,500
Year built
1946
Style
Single Family Residential
County
Hamilton County
APN
158D F 008
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
C-C
Commercial Corridor Zone
The C-C Commercial Corridor Zone is intended to accommodate commercial development along corridors with a mixture of residential, commercial, service, and institutional uses, that serve the adjacent neighborhoods and the community at large.
Permitted uses
Include but are not limited to:
Gas station
Bank
Day care facility
General retail
Restaurant
Housing-Multiple units
Industrial
Hotel / motel
Office
Medical office
Local insights from Redfin agents
Chattanooga is known for its mountains and the Tennessee River, but its hidden gems make it special—unexpected views, tucked-away trails, beautiful homes and quiet greenways waiting to be discovered.
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 20 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Chattanooga, TN • 37421
Average low and high temperatures (°F)
49
30
59
37
71
46
77
54
77
61
86
68
91
73
85
68
84
63
75
52
65
45
55
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Chattanooga. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7306 Igou Gap Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $320,000 and $510,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $320K to $510K.