Prime Office Bldg Near Volkswagen

Office for Sale
Sale Pending
Catylist Listing ID: 30561376
Property Subtypes: Business Park, High-Tech, Medical, Office Building, Other
Status: Pending
Building Size (RSF): 16,500 SF
Gross Land Area: 1.93 Acres
Sale Price: $2,300,000
Unit Price: $139.39 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 16,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2022

Overview / Comments

This prime commercial property is located at the busy signalized intersection of Jersey Pike and Bonny Oaks. The property is surrounded by industrial and commercial businesses such as Kenco, The Trane Company, Frito Lay and UPS as well as several others. The property includes a 16,500 SF office building with 8 units situated on 1.93 acres. These units range in size from 850 SF - 4,000 SF. All units are in excellent condition and have their own unique layout. Five of the eight spaces are leased with rents ranging from $16 to $18 PSF modified gross. The building is well maintained and has a large parking lot for employees and clients.

This property can continue as a multi-lease investment and would work well with a few modifications for an owner user or owner occupied with lease spaces.

Contact Agent for lease information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033129P B 01700
Property Located Between: Bonny Oaks and Enterprise Park Drive
Property Visibility: Excellent
Highway Access: The property sits at the signalized corner of Jersey Pike and Bonny Oaks. 6101 Enterprise Park is only a a quick minute from Hwy 153.
Airports: Chattanooga Airport
Site Description: This attractive 8-unit building is centrally located on the Bonny Oaks/Jersey Pike corridor.
Area Description: Property is less than 3 miles from Enterprise South, home of the Volkswagen and Amazon locations.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Enterprise Park is a well maintained commercial building located in a central location of Chattanooga. It has 304 feet of road frontage on Jersey Pike, 186 feet of road frontage on Bonny Oaks and 241 feet of road frontage on Enterprise Park Drive.
Parking Type: Surface
Parking Description: The property has a large paved parking lot that offers plenty of spaces for employees and clients.
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,902 39,326 127,349
Median Age: 42.74 40.03 39.5
Households: 2,996 17,569 53,450


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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