55 Workman Rd

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30114643
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Self Storage, Truck Terminal, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 52,000 SF
Gross Land Area: 3.60 Acres
Sale Price: $425,000
Unit Price: $8.17 PSF
Ceiling: 20 ft.
Docks/Doors: 5 Docks, 5 Doors
Office SF: 2,500 SF
Property Use Type: Vacant/Owner-User
Building Name: B&F Auto Sales and Parts
Usable Size (USF): 52,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2018

Overview / Comments

The subject property is located at the corner of Workman Road and Central Avenue. It has about 3.6 acres of land. The current building could be doubled or tripled in size with the available property (see aerial map) or a massive amount of parking could be added. The building was built in 1912 of brick and concrete and looks like it will stand another 100 years.

The building has 3 floors of about 17,000 per floor plate. The first and second floors have 8-10 foot ceilings with the third floor having about 20 foot ceilings. There is about a 1,000 sf of office space on 2 floors.

Most recently, the building was a warehouse for B&F Auto Sales and Parts. The current zoning is M1 which allows the most intense forms of industrial use.

The property is fenced and has a large concrete parking lot that surrounds the building on 2-sides.

The property can also be leased with a 5-year lease at $2.00/sf NNN.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033167C R 00200P000
Zoning: M1
Property Located Between: Corner of Workman Rd and Central Ave
Highway Access: Access to I-24 is via Central Ave or Rossville Blvd.
Airports: Chattanooga Metropolitan
Site Description: The site is level and at street grade. The large parking lot around 2 sides of the building is made of concrete.
Area Description: The location is the south end of the city. It is mostly an industrial area of town with industry and warehouse nearby on Workman Road and Central Avenue.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 17,000 SF
Property Condition: Fair
Year Built: 1912
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Parking is estimated at 200.
Total Parking Spaces: 200
Freight Elevators: 1
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Radiant
Lighting: Fluorescent
Interior Description: The building has 3 floors with varying ceiling heights. The 3rd floor ceiling heights appears to be about 18-20 feet. The first and second floor is 8-10 feet.
Zoning Description: M1-Manufacturing
Lot Frontage: 270
Lot Depth: 530
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,111 51,686 119,339
Median Age: 33.36 34.77 36.83
Households: 2,475 19,482 48,426


Photograph of Listing Agent

Robert Fisher

KW Commercial GCR CMLS Member
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