Catylist ID:
#30603982
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: | 7/31/2020 |
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 |
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
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