Chattanooga State - East Campus

Office for Sale
Sale Pending
Also listed as Special Purpose
Catylist Listing ID: 30150614
Property Subtypes: Institutional, Medical, Office Building, Research & Development
Status: Pending
Building Size (RSF): 14,800 SF
Gross Building Area: See Agent
Gross Land Area: 2.62 Acres
Sale Price: $1,250,000
Unit Price: $84.46 PSF
Property Use Type: Vacant/Owner-User
Building Name: Chattanooga State Community College East Campus
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

State Surplus property will be sold by Sealed Bid Method. The State will accept sealed bids until 1:30 p.m. (Central Time) on September 22, 2017. See attached Offering Memorandum for Transaction #17-01-009 for Terms and Conditions.

Chattanooga State Community College’s East Campus includes approximately 14,800 SF of classroom, meeting and office space set on approximately 2.62 Acres with abundant parking. There is a large monument sign with digital message board.

Built in 1980 and originally used as a church, the property was completely renovated in 1992 and converted into an educational facility with a large entry area, several large and mid-sized classrooms and labs, multiple private offices, a break area and large multi-stall restrooms. The property has been excellently maintained and is in very good condition.

The property is well located, central to the Chattanooga MSA, 1 mile from the intersection of I-75 at Shallowford Road, proximate to multiple major employers, large industrial and office parks, major retail centers, and high density residential areas. The property is adjacent to the site where HomeServe USA is constructing a 46,000 SF facility for its customer service operations.

The exterior consists of a textured block and stucco exterior with a built up and metal roof system, fixed aluminum-insulated windows and guttering. There is a large canopy which runs across the front, a drive thru canopy, and a covered patio area on the north side of the building. The interior finishes include sheetrock walls, acoustical ceilings with flush mount lighting, and carpet-tile and vinyl composition floor coverings.

The functional layout could service a variety of uses including continuing as an educational facility or conversion to a church / assembly hall or corporate or medical office.

The property boasts 136 parking spaces +/- with curbs and lighting and attractive landscaping. (9.19 Spaces per 1000 SF).

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 139P-C-010.00
Zoning: C-2 CONVENIENCE COMMERCIAL ZONE
Property Visibility: Excellent
Highway Access: 1 mile from the intersection of I-75 at Shallowford Road
Airports: Chattanooga Metropolitan Airport
Area Description: The property is well located, central to the Chattanooga MSA, convenient to I-75, proximate to multiple major employers, large industrial and office parks, major retail centers, and high density residential areas. The property is adjacent to the site where HomeServe USA is constructing a 46,000 SF facility for its customer service operations.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,800 SF
Year Built: 1980
Year Renovated: 1992
Exterior Description: The exterior consists of a textured block and stucco exterior with a built up and metal roof system, fixed aluminum-insulated windows and guttering. There is a large canopy which runs across the front, a drive thru canopy, and a covered patio area on the north side of the building. Roof installed in 2010 (.060 EPDM Carlisle membrane with 20 year warranty).
Parking Ratio: 9.2 (per 1000 SF)
Parking Type: Surface
Parking Description: The property boasts 136 parking spaces +/- with curbs and lighting and attractive landscaping.
Total Parking Spaces: 136
Interior Description: The interior finishes include sheetrock walls, acoustical ceilings with flush mount lighting, carpet-tile and vinyl composition floor coverings.
Zoning Description: It is the intent of the C-2 Convenience Commercial Zone to promote, where need exists, the clustering and development of businesses, offices, and service facilities to serve the demand for goods and services generated both by area residents and by transients traveling to or from other neighborhoods or places of employment.
Lot Frontage: 444
Lot Depth: 285
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,087 44,316 114,737
Median Age: 43.36 40.74 39.5
Households: 2,944 18,539 46,756

Contact

© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.