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: 6/13/2021

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

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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


Photograph of Listing Agent

Judy Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Jefferson Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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