100,000 SF Warehouse/Showroom on 13.88 Acres

Industrial for Sale
Catylist Listing ID: 30603982
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 100,000 SF
Gross Land Area: 13.88 Acres
Sale Price: $3,350,000
Unit Price: $33.50 PSF
Ceiling: 22 ft. / 20 ft. Clear
Docks/Doors: 2 Docks, 2 Doors
Office SF: 5,000 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User, Business
Building Name: Southern Honda Powersports
Usable Size (USF): 100,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2020

Overview / Comments

Large Industrial Warehouse/Showroom on 13.88 acres in South Chattanooga

100,000 SF steel frame building currently home to the largest Honda powersports dealer in the US. The building is divided into two main sections with approximately 60,000 SF climate-controlled showroom (with 5,000 SF office area) and 40,000 SF of warehouse space (with 5,000 SF service area.)

Zoned M-1, property could serve variety of industrial, manufacturing, warehousing, distribution or showroom uses. The building is fully sprinklered and is served by 3-phase power service, natural gas, and a variety of HVAC units with additional heaters in warehouse and service areas.

20 ft. clear ceiling height, with 50 ft x 25 ft column spacing.
(1) 12’x12’ drive-in door; (1) 8’x10’ drive-in door; (2) 8’x10’ dock doors.
Easy truck access to I-24 via Rossville Blvd., and I-75 via LaFayette Rd. and Battlefield Parkway.
Railroad branch line runs through northwest corner of the property.
Approximately 6 acres additional raw land available for further development.
Entire property is in the 100-year floodplain, though owner has reported no water infiltration issues in 16 year period of ownership.

Southern Honda Powersports is in the process of constructing a new facility for relocation. The business will lease back the property until completion of the construction and move (estimated to be March 2021.)

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga, Hamilton County
Tax ID/APN: 168I C 002
Zoning: M-1
Highway Access: I-24 via Rossville Boulevard; I-75 via Lafayette Rd and Battlefield Parkway
Rail Access: Yes
Site Description: 13.88 acres on 4 tracts; 100,000 SF building with additional acreage for further development.
Area Description: Property is located in an industrial area, adjacent to multiple manufacturing and large warehousing operations.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 100,000 SF
Property Condition: Good
Year Built: 1979
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Poured concrete foundation; steel trusses and posts; metal roof and siding
Parking Type: Surface
Parking Description: Large parking lot in front of building
Total Parking Spaces: 100
Eave Height: 18
Column Spacing: 50 ft x 25 ft
Sprinklers: Wet, Dry
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Ceiling Units, Heat Pump
Air Conditioning: Package Unit
Lighting: Fluorescent
Interior Description: Approximately 60,000 SF climate-controlled showroom (with 5,000 SF office area) along with 40,000 SF of warehouse space (with 5,000 SF service area.)
Zoning Description: M-1; The property could serve a variety of industrial, manufacturing, warehousing, distribution or showroom uses.
In Flood Plain?: Yes
Lot Frontage: 800 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,381 63,502 130,566
Median Age: 32.75 36.24 37.37
Households: 3,068 25,501 53,190

Contact

Photograph of Listing Agent

John Sweet

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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