Downtown Office Building

Office for Sale
Catylist Listing ID: 28791099
Property Subtypes: Office Building
Building Size (RSF): 3,360 SF
Gross Land Area: 12,348 SF
Sale Price: $450,000
Unit Price: $133.93 PSF
Ceiling: 8.5 ft.
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: 1307
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2019

Overview / Comments

Front suite has separate entrance and rest room. The space has been used as service companies from its beginning. The front and back spaced have a concrete block demising wall. It can easily be combined spaces. Electricity, water and gas are on one meter.
Owner is providing a variable(based on contract offer) improvement allowance to the seller.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 145F C 006
Zoning: CBD
Market Type: Medium
Property Located Between: 11th and Main Street
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway, Airport, Taxi
Highway Access: Adjacent to I27 and I 24 intersections
Airports: Chattanooga Metro
Site Description: Flat lot with adjacent parking
Area Description: Downtown service oriented businesses. Adjacent to media company and vacant publishing plant
Year Built: 1970
Year Renovated: 2001
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Grey brick and block
Parking Ratio: 9 (per 1000 SF)
Parking Type: Surface
Parking Description: Perpendicular
Total Parking Spaces: 9
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit
Interior Description: Currently divided. Two restrooms. Kitchen in rear unit. Six offices in the front and three offices in the rear.
Zoning Description: Commercial
Lot Frontage: 65
Lot Depth: 189.97
Water Service: Municipal
Easements: Utilities
Land Ownership: Partnership
Legal Description: TMP 145F C 006

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,282 49,185 121,903
Median Age: 30.91 33.69 36.52
Households: 3,486 19,343 50,395


Photograph of Listing Agent

Joseph V Williams

Williams & Williams Realty Ser Greater Chattanooga REALTORS® Member
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