Flex Business Center, Lee Hwy / Hwy 153

Office for Sale
Catylist Listing ID: 30051592
Property Subtypes: Flex Space
Building Size (RSF): 16,000 SF
Gross Land Area: 1.38 Acres
Sale Price: $975,000
Unit Price: $60.94 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2017

Overview / Comments

This flex space Business Center is conveniently located at the Hwy 153 / Lee Hwy interchange on Vance Road. Easy access with all Right Turns from Hwy 153 and Lighted Interchange at Vance Rd with Lee Hwy. Property frontage on Vance Rd is approx. 285 ft. Good visibility and two driveways into the Business Center with drive path to rear access of Building. Common Parking 34 spaces with other Tenants. The building has Commercial / Professional appeal and functional enterprise features. One space currently for lease (6,000 sq ft) is an end unit with extended loading area and Loading Dock with Roll Up door. Surrounding Business Center uses include movie / film production, photography, corporate medical offices and medical diagnostics. Current Tenants on Gross Lease terms. Owner Occupant in portion of building.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 148O B 001.04
Zoning: COMMERCIAL C-2
Property Located Between: I -75 and CHA Chattanooga Airport
Property Visibility: Good
Highway Access: HWY 153, Lee Hwy, I-75
Airports: Chattanooga Municipal
Area Description: Located within the traffic hub of I-75 (122,000 VPD) / Hwy 153 (73,500 VPD) / Lee Hwy (26,475 VPD) / I-24 (127,000 VPD). Major Brand Shopping and Employment. Within the Hamilton Place Mall Trade Area.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1981
Roof Type: Flat
Construction/Siding: Metal Siding, Stucco
Exterior Description: Commercial / Office Frontage, Parking at Covered Sidewalk
Parking Type: Surface
Parking Description: 34 sapces, common
Total Parking Spaces: 34
Zoning Description: Commercial C2
Lot Frontage: 285
Lot Depth: 290
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 3 Pryor Bacon resub 37-177

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,741 53,952 139,256
Median Age: 36.9 39.54 39.3
Households: 3,201 24,321 58,024

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