REPURPOSE, INDUSTRIAL BLDG. W/WINDOWS, TWO PARCELS

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: 9/10/2021

Overview / Comments

Two GREAT BUILDINGS - with windows! Great industrial space for repurposing with natural light. This property has so many possibilities and can be used as the currently configured combined space or easily be converted to two separate buildings, as originally designed, with separate parking and ingress/egress from two streets at a Traffic Light. Conveniently located near I-24 and within 3 minutes of Main Street and downtown - loads of possibilities!

GREAT LOCATION! High Visibility from I-24, and easy access at E. 23th and Holtzclaw / Traffic Light. These 2 block and brick buildings are in good condition, currently have an opening to combining the spaces, addition or a wall restores 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

Contact

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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