9,800 sq. ft. Industrial Bldg. off Rossville Blvd.

Industrial for Sale
Catylist Listing ID: 30081493
Property Subtypes: Flex Space, Free-Standing, Self Storage, Warehouse/Distribution
Building Size (RSF): 9,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $400,000
Unit Price: $40.82 PSF
Ceiling: 24 ft.
Office SF: 1,400 SF
Drive In Bays: 5 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

Located just 1 block off Rossville Blvd. and within 1 mile to I-24, this 9,800 sq. ft. concrete building is perfectly situated for industrial use. The property's direct interstate access and close proximity to downtown (less than 10 minutes away) combine to create a perfect location that is convenient to all points in the Chattanooga market. The accessibility is further enhanced from its adjacency to Rossville Blvd., which serves as a main entry/exit thoroughfare for workers, residents and tourists traveling to and from both Tennessee and Georgia. Overall, this is a great area for industrial businesses and is already occupied by various manufacturing and industrial suppliers.

Built in 1973, the building remains in good condition and is positioned on a level 0.48 acre site (150' x 140') zoned M-1. Its open layout and large size allows for manufacturing and/or retail trade and was previously used as an auto transmission repair business. The interior consists of a reception area and entry office with several other rooms that could serve as office, storage space or a live/work opportunity (total of 1,400 sq. ft. of office/retail). The remaining space is an open warehouse that features 5 grade level roll-up doors, 24 ft. ceiling height, a separate, covered workshop area, racks for storage, fluorescent and incandescent lighting, and 400 amps – 220 volts – Two-Phase power. There are 12 paved and striped parking spaces in front of the building as well as a fenced lot in the rear of the property that can be used as parking for an additional 30 cars and/or more storage space.

Owner is willing to consider leasing 5,000 sq. ft. of the warehouse for $2,500/month (Modified Gross) to the right tenant. Current owner had buildings metered separately to allow future owner the option for multi-tenant occupancy.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 168A Q 004
Zoning: M-1
Property Located Between: Rossville Boulevard and Calhoun Avenue
Highway Access: 1.4 mile direct access to Interstate-24 via Rossville Boulevard; 12 mile access to Interstate-59 via I-24; 6.6 mile access to Interstate-75 via I-24
Airports: Chattanooga Metropolitan Airport (CHA) - 8.8 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Roof Type: Arched
Construction/Siding: Block, Concrete
Parking Type: Surface
Parking Description: Paved + striped parking spaces for 12 cars in front of building; fenced, gravel lot in rear portion of building with space for an additional 30 cars
Total Parking Spaces: 25
Eave Height: 18
Amps: 400
Volts: 220
X-Phase: Two-Phase
Heat Type: Oil, Space Heaters
Heat Source: Ceiling Units
Lighting: Fluorescent, Incandescent
Lot Frontage: 150 Feet
Lot Depth: 140 Feet
Legal Description: Lts 5-7 Blk 134 East End Land Co Ad Dn No 1 Pb 2 Pg 22

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,661 64,977 135,038
Median Age: 31.15 35.45 37.12
Households: 3,927 25,463 55,131

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial GCAR CMLS Member
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