Professional Office Building For Sale

Office for Sale
Catylist Listing ID: 30371256
Property Subtypes: Business Park, Executive Suites, Governmental, Institutional, Medical, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 10,000 SF
Gross Building Area: 10,994 SF
Gross Land Area: 1.85 Acres
Sale Price: $1,250,000
Unit Price: $125 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

This is a great location for a professional/medical office with approx. 10,000 +/- SF of space and is located in a high traffic area of Northgate Mall near the intersection of Hixson Pike and Northpoint Boulevard. Can be subdivided with a minimum of 2,000 or up to 10,000 SF. May be expanded to 12,000 SF. Tenant Improvement allowance for the right tenant. Four easements allow easy entry and exit with the ability to use the traffic light at the intersection. Ample surface parking. Well lit and safe with security alarm system. This building was previously a Ryan's Steakhouse and still has walk-in coolers, tables & chairs, buffet stations, etc. if desired. In the pre-leasing stages. Co-broker encouraged.

Signage on Hixson Pike is available with approximately 32,596 vehicles per day / Average Household Income $75,564.

This is 1.85 acres with a newly renovated facade, new roof, ample parking, parking lot has new seal coat and striping with fire lanes and handicap parking, parking lot lights, updated HVAC system, pylon sign available on Hixson Pike (all signage is subject to local code/ordinances).

Premises are separately metered and tenant pays utilities.

The site is located minutes from CHI Memorial Hixson Hospital and Corporate Image Office Park with multiple medical and professional offices. Northgate One and Northgate Two with many doctor offices. There are two assisted living facilities and one independent living facility nearby.

Directions: From I-75 South to Hwy 153 North. Use the right 2 lanes to take exit 4 for TN-153 N toward Chickamauga Dam Airport. Continue onto TN-153 N. Take the TN-319/Hixson Pike exit. Merge onto TN-319/Hixson Pike.Turn right after Captain D’s (on the right). Turn right behind Captain D's. Destination will be on the left.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 110B A 002.04
Zoning: COMMERCIAL
Property Located Between: Northpoint Blvd. and Hixson Pike
Property Visibility: Excellent
Highway Access: Highway 153
Airports: Chattanooga Metropolitan Airport
Site Description: Located in a high traffic area of Northgate Mall near the intersection of Hixson Pike and Northpoint Boulevard. Four easements allow easy entry and exit with the ability to use the traffic light at the intersection.
Area Description: High traffic location just one block from major shopping district of Northgate Mall, with easy access to the mall via Northpoint Blvd.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Year Built: 2001
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Stone, Stucco, Vinyl Siding
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Fiber Optic
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,441 39,520 97,442
Median Age: 38.91 42.2 39.77
Households: 1,541 17,261 41,833

Contact

Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Richard J Howard

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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