Versatile Office Building by Parkridge

Office for Sale
Sale Pending
Catylist Listing ID: 30034216
Property Subtypes: Medical, Mixed Use, Office Building
Status: Pending
Building Size (RSF): 6,000 SF
Gross Land Area: 0.29 Acres
Sale Price: $700,000
Unit Price: $116.67 PSF
Property Use Type: Vacant/Owner-User
Building Name: Dynamic Prosthetics and Orthotics
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

Owner is moving to another building to better serve his clients. Property consists of a 6,000 sq. ft. free-standing office building located on the corner of McCallie Avenue and S Kelly Street, directly across from Parkridge Medical Center. Built in 1987, the brick building has been well-maintained and is currently occupied by Dynamic Prosthetic and Orthotics. Property has excellent visibility with 98 ft. of frontage along McCallie Ave., where traffic counts are approximately 15,535 vehicles per day. The corner lot allows for easy ingress/egress, with 2 curb cuts along McCallie Avenue and an additional 2 curb cuts on S Kelly Street.

Building has 1 loading dock with double-doors that is accessible from S. Kelly Street. There is an adjoining 600 sq. ft. office/retail space that is metered separately to allow for multi-tenant use of the building. Sufficient parking available with paved asphalt lot in front portion of parcel that has the capacity to hold as many as 20 vehicles.

This building could be adapted for many uses but the highest and best seems to be as a professional office space. Being within close proximity to all 3 of the area's major hospitals, with Parkridge Medical Center located directly across from property, this building makes an excellent location for professional/medical use tenants. McCallie Ave. is considered to be a major arterial road and is conveniently located in the center of Chattanooga, just minutes from downtown. Building is available for sale for $650,000.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 146K S 013
Zoning: C-2
Property Located Between: McCallie Avenue and S Kelly Street
Property Visibility: Excellent
Site Description: 0.29 acre, level corner lot; mostly rectangular in shape; 98 ft. x 131 ft. lot; 6,000 sf bldg. with paved parking; convenient location to all of Chattanooga; nearby area's 3 major hospitals - Erlanger, Parkridge Medical Center and Memorial Hospital; excellent visibility in high traffic area; site has easy ingress/egress with 2 curb cuts on McCallie and 2 curb cuts from S. Kelly Street
Area Description: Surrounding area is in the process of tremendous growth and redevelopment as a result of downtown Chattanooga's continuous expansion. Erlanger, Parkridge Medical Center and Memorial Hospital are all within close proximity to property. Adjacent to site is Rite-Aid. UTC campus and downtown Chattanooga both within minutes of the site. Nearby businesses are mostly medical office tenants. Demand for property in the area will only continue to significantly increase with time.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1987
Construction/Siding: Brick
Exterior Description: Building exterior in good condition; brick exterior; flat metal roof; paved parking
Parking Type: Structure
Parking Description: Paved asphalt parking in front portion of site with capacity to hold as many as 20 vehicles.
Total Parking Spaces: 20
Lot Frontage: 98 Feet
Lot Depth: 131 Feet
Legal Description: Lts 8&9 Blk 33 Montagues Highland P Ark Addn No 2 Pb 1 Pg 35

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,465 82,038 151,203
Median Age: 33.74 35.66 36.66
Households: 4,949 33,096 63,210


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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