Chattanooga Skin & Cancer Clinic Building - Business Relocating

Office for Sale
Catylist Listing ID: 30169965
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 9,680 SF
Gross Land Area: 1.48 Acres
Sale Price: $1,500,000
Unit Price: $154.96 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Chattanooga Skin & Cancer Clinic
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

Property consists of a 9,680 sq. ft. medical/professional Class A office building that has served as the location for Chattanooga Skin & Cancer Clinic for the past 15 years. The beautiful brick and stucco building is situated on a well-manicured and well-lit 1.48 acre lot in the Shallowford One Office Park. The professional office park is located at the corner of Shallowford Road and Noah Reid Road at a high traffic signalized intersection across the street from the main post office. The building is an end unit in the park and is surrounded by a large, paved parking lot with space for as many as 120 cars. Excellent ingress/egress with access points from both Shallowford Road (right-in + right-out) as well as Noah Reid Road. The property's location along the principal arterial Shallowford Road also offers great access to major interstates and highways, with less than 1 mile access to Hwy 153 and less than 3 mile access to I-75.

Built in 2002, both the building's interior and exterior remain in impressive condition. The current layout of the interior includes a 100 seat waiting area, large reception area with shelving for files, two separate patient and employee restrooms, 26 exam rooms, 2 surgical rooms, 4 private offices, a large kitchen/break room and ample storage space available. See attachments for available floor plan. With Erlanger East and the Atrium Medical Center nearby as well as having access to major roadways that provide a quick route to other medical related facilities, this property's best use is as a medical office but could easily serve as a location for any professional office use.

Please note that the property will not be ready for occupancy until October 1st, 2018. The Chattanooga Skin & Cancer Clinic is in the process of building a bigger location, as they have outgrown this building, and will remain until the project is complete. Current tenant to pay $10,000/month (NNN) to future buyer that will be included in the purchase agreement.

There are 120 dedicated parking places deeded only to this building, which is unique to this property.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 138J A 001.13
Property Located Between: Shallowford Road and Highway 153
Property Visibility: Good
Highway Access: Highway 153 access - 0.6 mile; I-75 access 2.7 miles via Shallowford Road
Airports: Chattanooga Metropolitan Airport (CHA) - 2.9 miles
Area Description: Property is located on principal arterial - Shallowford Road - just a little over 1/2 a mile from Highway 153. This portion of Shallowford Road is occupied by commercial businesses (such as fast food restaurants, gas stations, car lots, banks, medical and professional offices) that are surrounded by residential properties. Hamilton Place Mall and the densely populated retail district that surrounds it are just minutes away and the airport is less than 3 miles. This area has quick access through major interstates and roadways that allow quick travel times to all major suburbs of the Chattanooga area.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2002
Parking Type: Surface
Total Parking Spaces: 110

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,487 42,527 134,977
Median Age: 41.45 40 39.62
Households: 2,134 19,059 56,621

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial GCAR CMLS Member
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