2 BUILDINGS - ADJOINED WAREHOUSE & TWO STORY OFFICE
Industrial
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30531728 |
| Property Subtypes: |
Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
|
| Building Size (RSF): |
15,335 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,693,000 |
| Unit Price: |
$110.40 PSF |
| Docks/Doors: |
5 Doors |
| Office SF: |
1,500 SF |
| Drive In Bays: |
5 Bays |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Ortmeier Welding and Machinery |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/10/2021 |
Overview / Comments
Two GREAT BUILDINGS - with a common wall allowing for function to one or two separate buildings. - GREAT LOCATION! High Visibility from I-24, and easy access at E. 23th and Holtzclaw. These 2 block and brick buildings are in good condition, currently have an opening to combining the spaces, addition or a wall retores the space to two separate buildings - presenting the opportunity to use and lease income. The Warehouse has windows along the east wall, bringing natural light to the space, with a bay door and the back, it lends itself to many uses, in addition to light manufacturing, an industrial art studio, bike building, customer furniture & Fixtures,, recreational use, competition shuffle board, pool, table tennis, ax throwing... fitness, medical, day care etc. The two story office building has two levels, with ample space upstairs for a live work space with interior parking or workspace on the main level with additional office space at the front of the building, with a separate storefront entrance on E. 23rd Street, Off-street parking and partially fenced these buildings are in sight of the Sculpture Park at Montague Park, less than 5 minutes from Southside and Downtown - a few blocks from Chattanooga Charter School of Excellence. Two Buildings - one price imagine the possibilities! Information believed to be true and correct however, subject to buyer verification.
Contact Agent for additional Shown by Appointment Only.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
City of Chattanooga Hamilton County TN |
| Tax ID/APN: |
033156H B 00601 |
| Zoning: |
M-1 |
| Property Located Between: |
I-24 and East Main St., Holtzclaw and 4th Avenues |
| Highway Access: |
Less than 3 minutes off I-24 |
| Airports: |
Lovell Field, Chattanooga, TN |
| Site Description: |
Building sits on over an acres level lot with plenty of parking and loading, off-loading areas, exterior loading dock and bay access. The business is less than 3 minutes off I-24, high visibile and easily accessible from E. 23rd St., and S. Holtzclaw St. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
15,336 SF |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Parking Description: |
Parking at the front and side of the main building with an adjoining vacant gravel lot for over flow or truck parking. |
| X-Phase: |
3 |
| Heat Type: |
Space Heaters, Suspended Radiant Heaters |
| Air Conditioning: |
Window Unit |
| Lighting: |
Fluorescent, Incandescent |
| Zoning Description: |
M-1 |
| Lot Frontage: |
164' |
| Lot Depth: |
254 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,370 |
68,573 |
141,629 |
| Median Age: |
28.52 |
34.97 |
36.88 |
| Households: |
2,877 |
27,337 |
58,294 |
|
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