Executive Office Building with Income

Office for Sale
Catylist Listing ID: 30150660
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 2,048 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $264,000
Unit Price: $128.91 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Signal Office Solutions
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2017

Overview / Comments

Freestanding office building set on one acre with ample parking. Convenient and visible location with easy access and a functional layout for a variety of uses. There are seven private offices, a large open reception area, and two separate front entrances, each with a small lobby, providing good utility for multiple tenants. A large monument sign with a message board provides great visibility to Ashland Terrace, with 16,271 Vehicles per Day.

Opportunity to occupy all or a portion of the office or hold strictly as investment property with income from executive office suite tenants.

There are two existing single office tenants as well as the owner/occupant, which could entertain a short term leaseback.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 109N E 031
Zoning: C-2 CONVENIENCE COMMERCIAL ZONE
Property Visibility: Excellent
Airports: Chattanooga Metropolitan Airport
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,048 SF
Year Built: 1971
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Concrete block construction. Asphalt shingle roof (replaced approx 5 years ago).
Parking Type: Surface
Parking Description: Ample parking.
Heat Type: Natural Gas
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: 200
Lot Depth: 240
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,773 43,523 103,696
Median Age: 40.56 38.34 39.72
Households: 4,359 19,629 44,900

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