East Ridge Office Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30760482
Property Subtypes: Free-Standing Building
Building Size (RSF): 12,480 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $675,000
Unit Price: $54.09 PSF
Property Use Type: Investment
Building Name: East Ridge Commons
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2021

Overview / Comments

This East Ridge office complex boasts 12 individual office suites plus a full basement warehouse.

There are currently 9 occupied units with rents varying from $500 - $600 per month per unit.

This property is conveniently located at Exit 1 off I-75. This area has seen a huge explosion in new business with a Bass Pro Shop, Top Golf, Starbucks and Chick-fil-a recently opening at the same exit.

There is a Townplace Suites by Marriott under construction directly across the street and 100 townhome units being built on the hill behind this property.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033170O A 00200P000
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Ringgold Rd
Feet of Frontage: 144
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1985
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,716 52,921 148,254
Median Age: 36.61 38.99 39.29
Households: 1,199 23,199 61,183

Contact

Photograph of Listing Agent

Virginia F Brockman

KW Commercial Greater Chattanooga REALTORS® Member
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